Spin Master (TSE:TOY) Price Target Cut to C$37.00 by Analysts at TD Securities

Spin Master (TSE:TOY) had its price target reduced by stock analysts at TD Securities from C$46.00 to C$37.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 37.04% from the stock’s previous close.

A number of other analysts have also commented on TOY. Royal Bank of Canada decreased their price target on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. National Bankshares lowered their target price on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Cormark increased their price target on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$37.75.

Spin Master Trading Down 3.6 %

TSE:TOY traded down C$1.02 during trading hours on Wednesday, hitting C$27.00. The stock had a trading volume of 222,161 shares, compared to its average volume of 66,194. The company has a market cap of C$1.98 billion, a price-to-earnings ratio of 63.90, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The business’s 50 day moving average is C$31.80 and its 200-day moving average is C$31.74. Spin Master has a one year low of C$26.67 and a one year high of C$35.44.

About Spin Master

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.