Spin Master Corp. (TOY) Reaches New 1-Year High at $52.50
Spin Master Corp. (TSE:TOY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$52.50 and last traded at C$51.59, with a volume of 79396 shares changing hands. The stock had previously closed at C$50.00.
Several equities analysts have commented on the company. TD Securities cut Spin Master Corp. from an “action list buy” rating to a “buy” rating and upped their price target for the company from C$54.00 to C$55.00 in a report on Wednesday, November 8th. Raymond James Financial, Inc. upped their price target on Spin Master Corp. from C$52.00 to C$55.00 in a report on Wednesday, November 1st. National Bank Financial upped their price target on Spin Master Corp. from C$50.00 to C$58.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. BMO Capital Markets raised Spin Master Corp. from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$36.00 to C$68.00 in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada upped their price target on Spin Master Corp. from C$45.00 to C$54.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Spin Master Corp. has a consensus rating of “Buy” and an average price target of C$52.75.
In other news, insider Mark Segal sold 101,616 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of C$45.05, for a total value of C$4,577,800.80. Also, Director Benoit Gadbois sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of C$45.50, for a total value of C$108,790.50. Over the last quarter, insiders sold 228,253 shares of company stock worth $10,353,470.
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About Spin Master Corp.
Spin Master Corp., a childrens entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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