RBC Capital Markets Increases Spin Master Corp (TOY) Price Target to C$35.00
Spin Master Corp (TSE:TOY) had its target price raised by equities research analysts at RBC Capital Markets from C$33.00 to C$35.00 in a research note issued to investors on Monday. RBC Capital Markets’ target price points to a potential upside of 11.61% from the stock’s previous close.
TOY has been the subject of several other research reports. TD Securities lifted their target price on Spin Master Corp from C$30.00 to C$33.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$30.00 target price on shares of Spin Master Corp in a research report on Thursday, July 21st. Piper Jaffray Cos. lifted their target price on Spin Master Corp from C$27.00 to C$30.00 and gave the stock an “overweight” rating in a research report on Saturday, August 6th. Cormark reiterated a “buy” rating on shares of Spin Master Corp in a research report on Thursday, October 6th. Finally, CIBC reissued an “outperform” rating on shares of Spin Master Corp in a report on Tuesday, September 13th. Seven investment analysts have rated the stock with a buy rating, Spin Master Corp has an average rating of “Buy” and a consensus target price of C$33.40.
Shares of Spin Master Corp (TSE:TOY) traded down 0.51% on Monday, reaching $31.20. The company had a trading volume of 16,901 shares. The company has a market capitalization of $3.17 billion and a price-to-earnings ratio of 62.40. The stock has a 50 day moving average price of $30.72 and a 200-day moving average price of $26.97. Spin Master Corp has a 12 month low of $17.75 and a 12 month high of $34.00.
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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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