Royal Bank of Canada Increases Spin Master (TSE:TOY) Price Target to C$47.00

Spin Master (TSE:TOY – Get Rating) had its price objective lifted by analysts at Royal Bank of Canada from C$46.00 to C$47.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 27.03% from the stock’s current price.

TOY has been the topic of a number of other research reports. Stifel Nicolaus lowered their target price on Spin Master from C$51.00 to C$48.00 in a research note on Tuesday, January 17th. CIBC upped their target price on shares of Spin Master from C$40.00 to C$41.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. TD Securities upgraded shares of Spin Master from a “hold” rating to a “buy” rating and set a C$45.00 price target for the company in a report on Wednesday, December 21st. Finally, Jefferies Financial Group upped their price target on Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, February 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.70.

Spin Master Price Performance

Spin Master stock opened at C$37.00 on Friday. The company has a debt-to-equity ratio of 5.75, a current ratio of 2.49 and a quick ratio of 2.06. Spin Master has a 12 month low of C$30.63 and a 12 month high of C$50.86. The stock has a market capitalization of C$1.20 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. The business has a 50 day simple moving average of C$35.75 and a 200-day simple moving average of C$38.13.

Spin Master Company Profile

(Get Rating)

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.