Stifel Nicolaus Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price objective decreased by investment analysts at Stifel Nicolaus from C$40.00 to C$38.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 65.65% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their target price on shares of Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. TD Securities decreased their price objective on shares of Spin Master from C$38.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Canaccord Genuity Group cut their target price on Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group lowered their price target on Spin Master from C$37.00 to C$32.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, 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 report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$34.13.

Spin Master Trading Up 2.5 %

Shares of TOY stock opened at C$22.94 on Friday. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The business has a 50-day moving average of C$24.37 and a 200 day moving average of C$29.36. The stock has a market capitalization of C$1.68 billion, a PE ratio of 54.29, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a 1-year low of C$20.97 and a 1-year high of C$35.44.

Insider Transactions at Spin Master

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total value 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.