Spin Master Corp (TOY) Given New C$35.00 Price Target at Royal Bank Of Canada
Spin Master Corp (TSE:TOY) had its price objective increased by investment analysts at Royal Bank Of Canada from C$33.00 to C$35.00 in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 11.57% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. RBC Capital Markets lifted their price objective on shares of 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. National Bank Financial lifted their price objective on shares of 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. CIBC reaffirmed an “outperform” rating on shares of Spin Master Corp in a report on Tuesday, September 13th. Cormark reaffirmed a “buy” rating on shares of Spin Master Corp in a report on Thursday, October 6th. Finally, Piper Jaffray Cos. lifted their price objective on shares of Spin Master Corp from C$27.00 to C$30.00 and gave the stock an “overweight” rating in a report on Saturday, August 6th. Seven equities research analysts have rated the stock with a buy rating, Spin Master Corp currently has an average rating of “Buy” and an average target price of C$33.40.
Shares of Spin Master Corp (TSE:TOY) traded up 0.03% during trading on Monday, hitting $31.37. 25,448 shares of the stock traded hands. The stock has a market cap of $3.19 billion and a price-to-earnings ratio of 62.74. Spin Master Corp has a 1-year low of $17.75 and a 1-year high of $34.00. The stock has a 50 day moving average price of $30.72 and a 200-day moving average price of $26.97.
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Spin Master Corp Company Profile
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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