Royal Bank Of Canada Raises Spin Master Corp (TOY) Price Target to C$35.00
Spin Master Corp (TSE:TOY) had its price objective raised by equities research analysts at Royal Bank Of Canada from C$33.00 to C$35.00 in a research note issued on Monday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 11.61% from the company’s current price.
TOY has been the subject of a number of other reports. TD Securities boosted their target price on shares of Spin Master Corp from C$30.00 to C$33.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Piper Jaffray Cos. boosted 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 report on Saturday, August 6th. Cormark reissued a “buy” rating on shares of Spin Master Corp in a research report on Thursday, October 6th. CIBC reissued an “outperform” rating on shares of Spin Master Corp in a research report on Tuesday, September 13th. Finally, National Bank Financial boosted 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 report on Monday, August 8th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of C$32.60.
Spin Master Corp (TSE:TOY) traded up 0.57% during midday trading on Monday, reaching $31.54. The company’s stock 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 firm has a market cap of $3.21 billion and a P/E ratio of 63.08. The firm has a 50 day moving average price of $30.72 and a 200 day moving average price of $26.97.
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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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