Spin Master (OTCMKTS:SNMSF) Price Target Lowered to C$48.00 at Stifel Nicolaus

Spin Master (OTCMKTS:SNMSFGet Rating) had its target price reduced by Stifel Nicolaus from C$51.00 to C$48.00 in a research report released on Tuesday morning, The Fly reports.

A number of other research firms also recently commented on SNMSF. Canaccord Genuity Group cut their price objective on shares of Spin Master from C$67.00 to C$62.00 in a research report on Monday, October 24th. BMO Capital Markets reduced their price objective on shares of Spin Master from C$64.00 to C$54.00 in a research note on Monday, November 7th. Royal Bank of Canada lowered their target price on shares of Spin Master from C$65.00 to C$61.00 in a research report on Wednesday, November 2nd. Scotiabank reduced their price target on Spin Master from C$56.00 to C$40.00 in a research report on Monday, November 7th. Finally, National Bank Financial downgraded Spin Master from an outperform rating to a sector perform rating in a research note on Thursday, November 3rd.

Spin Master Price Performance

Shares of SNMSF stock opened at $25.53 on Tuesday. Spin Master has a fifty-two week low of $22.41 and a fifty-two week high of $40.00. The stock’s 50-day moving average is $24.56 and its two-hundred day moving average is $30.54.

Spin Master Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a dividend of $0.044 per share. The ex-dividend date was Thursday, December 29th. This represents a dividend yield of 0.76%.

About Spin Master

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Spin Master Corp., a children's entertainment company, creates, designs, manufactures, licenses, and markets various toys, entertainment franchises, and digital games in North America, Europe, and internationally. Its product categories include activities, games and puzzles, and plush; preschool, dolls, and interactive; wheels and action; and outdoor.

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