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Desjardins Reiterates Their Buy Rating on Stingray Digit SV (RAY.A)


Yesterday, an analyst has provided a rating update for the Services sector company, Stingray Digit SV (RAY.A). Analyst Maher Yaghi from Desjardins reiterated a Buy rating, with a C$11 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 7.1% and a 73.9% success rate. Yaghi covers the Technology sector, focusing on stocks such as CGI Group, BCE Inc, and Telus.

Currently, the analyst consensus on Stingray Digit SV is a Moderate Buy with an average price target of C$11.

The company has a one-year high of C$11.05 and a one-year low of C$7.44. Currently, Stingray Digit SV has an average volume of 69.74K.

Stingray Digital Group, Inc. engages in the provision of multi-platform music services. It offers music and video content on a number of platforms including digital television, satellite television, IPTV, the Internet, mobile devices, and game consoles.

The company’s shares closed on Friday at C$8.29.