Royal Bank of Canada Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target dropped by research analysts at Royal Bank of Canada from C$46.00 to C$43.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 39.88% from the stock’s current price.

Several other research analysts have also issued reports on TOY. Cormark lifted their price target on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday. TD Securities set a C$46.00 price objective on Spin Master and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Spin Master currently has an average rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Stock Performance

Shares of TOY opened at C$30.74 on Friday. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06. The firm’s 50 day moving average is C$31.49 and its 200-day moving average is C$30.58. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$36.82. The stock has a market capitalization of C$1.07 billion, a P/E ratio of 53.93, a P/E/G ratio of 0.57 and a beta of 1.86.

Insider Activity

In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of Spin Master stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total transaction of C$62,187.19. In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total value of C$62,187.19. Also, Senior Officer Tara Lise Deakin sold 24,700 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total transaction of C$787,235.93. Insiders sold 33,498 shares of company stock worth $1,063,920 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.