Cormark Reaffirms “Buy” Rating for Spin Master Corp (TOY)
Spin Master Corp (TSE:TOY)‘s stock had its “buy” rating reissued by stock analysts at Cormark in a research note issued on Thursday.
TOY has been the topic of several other reports. TD Securities boosted their price target on shares of Spin Master Corp from C$30.00 to C$33.00 and gave the company a “buy” rating in a report on Friday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$30.00 price objective on shares of Spin Master Corp in a research note on Thursday, July 21st. Piper Jaffray Cos. lifted their price objective on shares of Spin Master Corp from C$27.00 to C$30.00 and gave the company an “overweight” rating in a research note on Saturday, August 6th. CIBC reaffirmed an “outperform” rating on shares of Spin Master Corp in a research note on Tuesday, September 13th. Finally, National Bank Financial lifted their price objective on shares of Spin Master Corp from C$32.50 to C$34.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Seven analysts have rated the stock with a buy rating, Spin Master Corp has an average rating of “Buy” and an average target price of C$31.80.
Spin Master Corp (TSE:TOY) traded down 0.53% during trading on Thursday, reaching $31.93. The company had a trading volume of 21,835 shares. The firm has a 50-day moving average price of $30.04 and a 200 day moving average price of $26.61. The stock has a market cap of $3.25 billion and a P/E ratio of 63.86. Spin Master Corp has a 12-month low of $17.75 and a 12-month high of $34.00.
About Spin Master Corp
Spin Master Corp., formerly SML Investments Inc, is a Canada-based children’s entertainment company. The Company, through Spin Master Ltd. and its subsidiaries, is engaged in creating, designing, manufacturing and marketing a diversified portfolio of toys, games, products and entertainment properties.
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