Spin Master (TSE:TOY) Stock Price Expected to Rise, CIBC Analyst Says

Spin Master (TSE:TOY) had its price objective raised by investment analysts at CIBC from C$23.00 to C$25.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 20.02% from the stock’s previous close.

Other research analysts also recently issued reports about the company. TD Securities cut their price target on Spin Master from C$31.00 to C$29.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. National Bankshares cut their target price on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Stifel Canada cut Spin Master from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Royal Bank Of Canada cut their price objective on Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus cut shares of Spin Master from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$33.00 to C$25.00 in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and an average target price of C$27.63.

Spin Master Trading Down 1.8%

TSE:TOY opened at C$20.83 on Friday. Spin Master has a 12-month low of C$18.51 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 stock’s 50 day simple moving average is C$20.90 and its 200-day simple moving average is C$22.79. The firm has a market cap of C$2.10 billion, a P/E ratio of 25.10, a PEG ratio of 0.57 and a beta of 0.47.

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).