In a latest note to investors, a research analyst has provided a rating update for the Stingray Digit SV (RAY.A). Analyst Robert Bek from CIBC remains bullish on the stock and has a C$9 price target.
According to TipRanks.com, Bek is a 4-star analyst with an average return of 10.7% and a 66.7% success rate. Bek covers the Services sector, focusing on stocks such as Thomson Reuters Corp, DHX Media, and Cineplex.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stingray Digit SV with a C$9 average price target.
Stingray Digit SV’s market cap is currently C$364.6M and has a P/E ratio of 49.8. The company has a Price to Book ratio of 2.96.
Stingray 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 was founded by Eric Boyko and Alexandre Taillefer in 2007 and is headquartered in Montréal, Canada.
The company’s shares closed on Friday at C$6.57, close to its 52-week low of C$5.92.
