Spin Master Corp (TOY) PT Raised to C$38.00
Spin Master Corp (TSE:TOY) had its target price hoisted by equities research analysts at Royal Bank Of Canada from C$35.00 to C$38.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 8.70% from the stock’s current price.
TOY has been the subject of a number of other research reports. Piper Jaffray Cos. increased 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 report on Saturday, August 6th. TD Securities increased their price objective on shares of Spin Master Corp from C$33.00 to C$38.00 and gave the company a “buy” rating in a report on Monday, October 24th. RBC Capital Markets increased their price objective on shares of Spin Master Corp from C$33.00 to C$35.00 in a report on Monday, October 17th. National Bank Financial increased 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 report on Monday, August 8th. Finally, Cormark reiterated a “buy” rating on shares of Spin Master Corp in a report on Thursday, October 6th. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$35.20.
Shares of Spin Master Corp (TSE:TOY) opened at 34.96 on Thursday. Spin Master Corp has a one year low of $17.75 and a one year high of $35.18. The stock has a market cap of $3.56 billion and a price-to-earnings ratio of 69.92. The company has a 50 day moving average price of $32.77 and a 200-day moving average price of $28.45.
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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