Spin Master (TSE:TOY) had its price target cut by analysts at National Bank Financial from C$60.00 to C$55.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 27.70% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Jefferies Financial Group set a C$45.00 target price on Spin Master in a report on Friday, December 14th. Cormark reduced their target price on Spin Master from C$66.00 to C$61.00 in a report on Tuesday, November 13th. Barclays reduced their target price on Spin Master from C$65.00 to C$63.00 in a report on Thursday, November 8th. Raymond James set a C$65.00 target price on Spin Master and gave the stock an “outperform” rating in a report on Thursday, November 1st. Finally, Royal Bank of Canada reduced their target price on Spin Master from C$66.00 to C$64.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$60.44.
TOY traded up C$0.73 on Tuesday, hitting C$43.07. The company had a trading volume of 16,612 shares, compared to its average volume of 88,556. Spin Master has a 1-year low of C$34.93 and a 1-year high of C$61.76. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.24 and a current ratio of 1.59. The firm has a market cap of $4.31 billion and a P/E ratio of 26.86.
Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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