Spin Master (TSE:TOY) Given New C$40.00 Price Target at Stifel Nicolaus

Spin Master (TSE:TOY) had its price target lowered by research analysts at Stifel Nicolaus from C$45.00 to C$40.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 48.15% from the stock’s previous close.

A number of other research analysts have also recently weighed in on TOY. Cormark lifted their price target on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. Royal Bank of Canada cut their price objective on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday. Canaccord Genuity Group decreased their target price on Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a research report on Wednesday. National Bankshares reduced their price objective on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, TD Securities dropped their price objective on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Stock Down 3.6 %

Shares of TOY stock traded down C$1.02 during trading on Wednesday, reaching C$27.00. The company’s stock had a trading volume of 222,161 shares, compared to its average volume of 66,194. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The company has a market capitalization 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 stock’s 50-day moving average price is C$31.80 and its 200 day moving average price is C$31.74. Spin Master has a 1-year low of C$26.67 and a 1-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.