04:25:33 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Stingray Group Inc
Symbol RAY
Shares Issued 50,494,450
Close 2024-02-09 C$ 6.90
Market Cap C$ 348,411,705
Recent Sedar Documents

Globe says Dubreuil maintains Stingray Group at "buy"

2024-02-09 08:26 ET - In the News

The Globe and Mail reports in its Friday, Feb. 9, edition that Desjardins Securities analyst Jerome Dubreuil continues to rank Stingray Group "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil bumped his share target ahead by a loonie to $10. Analysts on average target the shares at $9.25. Mr. Dubreuil says in a note: "This quarter felt like the inflection point in digital advertising, especially after management confirmed on the call that it now expects high-teens organic growth in the BCM segment (all but radio). This should result in consolidated organic growth of 10 per cent next year, which, coupled with the strong FCF profile, long growth runway, presence of potential catalysts and leverage under control make the stock quite attractive at 6.9 times NTM [next 12-month] EBITDA." The Globe reported on Sept. 14 that Mr. Dubreuil rated Stingray Group "buy" in new coverage. The shares were then going for $5.26. The Globe reported on Jan. 16 that Mr. Dubreuil was sticking with his "buy" call when the shares were going for $6.12.

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