TD Securities Forecasts Strong Price Appreciation for Spin Master (TSE:TOY) Stock

Spin Master (TSE:TOY) had its price target hoisted by equities research analysts at TD Securities from C$29.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 44.02% from the company’s previous close.

Several other research analysts have also weighed in on TOY. National Bankshares cut their price objective on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Stifel Canada lowered shares of Spin Master from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Cormark cut their price target on shares of Spin Master from C$44.00 to C$39.00 in a research note on Friday. Jefferies Financial Group decreased their price target on shares of Spin Master from C$28.00 to C$26.00 in a report on Friday. Finally, Stifel Nicolaus lowered Spin Master from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$33.00 to C$25.00 in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.63.

Spin Master Stock Performance

Spin Master stock opened at C$20.83 on Friday. The stock has a fifty day moving average price of C$20.90 and a 200 day moving average price of C$22.79. Spin Master has a 52 week low of C$18.51 and a 52 week high of C$35.44. The firm has a market capitalization of C$2.10 billion, a P/E ratio of 25.10, a PEG ratio of 0.57 and a beta of 0.47. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

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).