Spin Master (TSE:TOY) Price Target Lowered to C$35.00 at Canaccord Genuity Group

Spin Master (TSE:TOY) had its target price lowered by equities researchers at Canaccord Genuity Group from C$44.00 to C$35.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 29.63% from the company’s current price.

A number of other brokerages also recently issued reports on TOY. Royal Bank of Canada cut their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research note on Wednesday. National Bankshares decreased 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 research report on Wednesday. Cormark raised their target price on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Finally, TD Securities decreased their price target on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$37.75.

Spin Master Price Performance

TOY stock traded down C$1.02 during midday trading on Wednesday, hitting 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 quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a 12 month low of C$26.67 and a 12 month high of C$35.44. The company has a 50 day moving average of C$31.80 and a two-hundred day moving average of C$31.74. The firm has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 63.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

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.