TD Securities Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target decreased by analysts at TD Securities from C$35.00 to C$32.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 39.49% from the stock’s current price.

A number of other brokerages have also recently issued reports on TOY. National Bankshares decreased their target price 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. Canaccord Genuity Group lowered shares of Spin Master from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$35.00 to C$26.00 in a research report on Friday. Stifel Nicolaus reduced their target price on shares of Spin Master from C$40.00 to C$38.00 and set a “buy” rating on the stock in a report on Friday. 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 report on Thursday, April 17th. Finally, Royal Bank of Canada reduced their price objective on Spin Master from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and a consensus price target of C$34.13.

Spin Master Price Performance

Shares of Spin Master stock opened at C$22.94 on Friday. The stock has a market capitalization of C$1.68 billion, a P/E ratio of 54.29, a PEG ratio of 0.57 and a beta of 1.86. 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 business’s fifty day moving average price is C$24.37 and its 200 day moving average price is C$29.36. Spin Master has a twelve month low of C$20.97 and a twelve month high of C$35.44.

Insider Buying and Selling

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