Stingray Group (TSE:RAY.A – Get Free Report) had its price objective lifted by investment analysts at National Bankshares from C$9.50 to C$10.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 25.47% from the stock’s current price.
Several other equities analysts also recently issued reports on RAY.A. Royal Bank of Canada lifted their price target on shares of Stingray Group from C$9.00 to C$10.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. CIBC increased their price target on shares of Stingray Group from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$9.67.
View Our Latest Analysis on RAY.A
Stingray Group Stock Down 4.2 %
Insider Buying and Selling at Stingray Group
In other Stingray Group news, insider Mavrik Corp. purchased 140,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was purchased at an average price of C$7.15 per share, for a total transaction of C$1,001,000.00. In related news, Senior Officer David Purdy acquired 100,000 shares of Stingray Group stock in a transaction on Friday, June 21st. The shares were acquired at an average cost of C$7.15 per share, with a total value of C$715,000.00. Also, insider Mavrik Corp. bought 140,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was purchased at an average price of C$7.15 per share, with a total value of C$1,001,000.00. Insiders own 24.33% of the company’s stock.
Stingray Group Company Profile
Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.
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