Stingray Digital Group Inc (RAY.A) Rating Reiterated by BMO Capital Markets

Stingray Digital Group Inc (TSE:RAY.A)‘s stock had its “outperform” rating reissued by investment analysts at BMO Capital Markets in a research report issued on Wednesday. They presently have a C$11.00 price target on the stock.

A number of other equities analysts also recently issued reports on RAY.A. National Bank Financial restated an “outperform” rating and set a C$11.00 price objective on shares of Stingray Digital Group in a research report on Tuesday. Desjardins lowered their price objective on Stingray Digital Group from C$10.00 to C$9.25 in a research report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a C$11.00 price objective on shares of Stingray Digital Group in a research report on Wednesday. Finally, TD Securities downgraded Stingray Digital Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$9.50 to C$10.00 in a research report on Friday, September 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Stingray Digital Group presently has a consensus rating of “Buy” and an average target price of C$10.45.

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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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