Royal Bank of Canada Lowers Spin Master (TSE:TOY) Price Target to C$31.00

Spin Master (TSE:TOY) had its target price lowered by investment analysts at Royal Bank of Canada from C$32.00 to C$31.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 35.14% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group downgraded shares of Spin Master from a “buy” rating to a “hold” rating and reduced their price target for the company from C$35.00 to C$26.00 in a research note on Friday. TD Securities decreased their price target on Spin Master from C$38.00 to C$35.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. National Bankshares dropped their price objective on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group decreased their target price on Spin Master from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, Stifel Nicolaus dropped their target price on Spin Master from C$40.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$34.13.

Spin Master Stock Up 2.5 %

Shares of TSE:TOY opened at C$22.94 on Friday. The business has a 50-day moving average price of C$24.37 and a 200 day moving average price of C$29.36. Spin Master has a 12-month low of C$20.97 and a 12-month high of C$35.44. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 0.57 and a beta of 1.86.

Insider Transactions at Spin Master

In related news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of C$25.34, for a total transaction of C$31,898.15. Corporate insiders own 2.20% of the company’s stock.

Spin Master Company Profile

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.