Royal Bank Of Canada Has Lowered Expectations for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its target price cut by equities researchers at Royal Bank Of Canada from C$30.00 to C$29.00 in a note issued to investors on Wednesday,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 36.66% from the stock’s current price.

Other research analysts also recently issued research reports about the company. National Bankshares cut their price target on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Stifel Canada lowered Spin Master from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. TD Securities cut their target price on Spin Master from C$31.00 to C$29.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. CIBC cut their target price on Spin Master from C$26.00 to C$23.00 in a research note on Tuesday, September 30th. Finally, Canaccord Genuity Group cut their target price on Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Spin Master has a consensus rating of “Moderate Buy” and an average target price of C$28.75.

Spin Master Trading Up 9.8%

Shares of TOY opened at C$21.22 on Wednesday. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a 12-month low of C$18.51 and a 12-month high of C$35.44. The firm has a market capitalization of C$2.15 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 0.57 and a beta of 0.47. The stock’s fifty day simple moving average is C$20.95 and its 200-day simple moving average is C$22.80.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).