Royal Bank Of Canada Raises Spin Master Corp (TOY) Price Target to C$35.00
Spin Master Corp (TSE:TOY) had its price target lifted by Royal Bank Of Canada from C$33.00 to C$35.00 in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.61% from the stock’s current price.
Other equities analysts have also issued reports about the company. Cormark reaffirmed a “buy” rating on shares of Spin Master Corp in a report on Thursday, October 6th. TD Securities raised their price target on Spin Master Corp from C$30.00 to C$33.00 and gave the stock a “buy” rating in a report on Friday, August 5th. RBC Capital Markets raised their price target on Spin Master Corp from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. CIBC reaffirmed an “outperform” rating on shares of Spin Master Corp in a report on Tuesday, September 13th. Finally, National Bank Financial raised their price target on Spin Master Corp from C$32.50 to C$34.00 and gave the stock an “outperform” rating in a report on Monday, August 8th. Seven research analysts have rated the stock with a buy rating, Spin Master Corp presently has a consensus rating of “Buy” and an average price target of C$32.60.
Shares of Spin Master Corp (TSE:TOY) traded up 0.57% during midday trading on Monday, reaching $31.54. The company had a trading volume of 6,054 shares. Spin Master Corp has a one year low of $17.75 and a one year high of $34.00. The company has a 50 day moving average of $30.72 and a 200 day moving average of $26.97. The company has a market capitalization of $3.21 billion and a PE ratio of 63.08.
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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