Stingray Digital Group (TSE:RAY.A) had its target price boosted by Desjardins from C$11.00 to C$12.00 in a research note issued to investors on Friday morning.

Several other equities research analysts have also recently commented on the stock. TD Securities raised their target price on shares of Stingray Digital Group from C$10.00 to C$10.50 and gave the stock a hold rating in a research report on Friday. National Bank Financial raised their target price on shares of Stingray Digital Group from C$11.00 to C$12.00 and gave the stock an outperform rating in a research report on Wednesday, January 17th. BMO Capital Markets reissued an outperform rating and set a C$11.00 price target on shares of Stingray Digital Group in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued an outperform rating and set a C$11.00 price target on shares of Stingray Digital Group in a research report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$11.30.

Shares of Stingray Digital Group (RAY.A) opened at C$10.58 on Friday. Stingray Digital Group has a 12-month low of C$7.19 and a 12-month high of C$10.59. The company has a market cap of $423.06 and a PE ratio of 132.25.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.22 dividend on an annualized basis and a yield of 2.08%.

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Stingray Digital Group Company Profile

Stingray Digital Group Inc is a business-to-business (B2B) music products, services and content provider. The Company broadcasts music and video content on various platforms, including digital television, satellite television, Internet Protocol television (IPTV), the Internet, mobile devices and game consoles.

Analyst Recommendations for Stingray Digital Group (TSE:RAY.A)

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