Royal Bank of Canada Boosts Spin Master Corp (TOY) Price Target to C$43.00
Spin Master Corp (TSE:TOY) had its price target boosted by Royal Bank of Canada from C$38.00 to C$43.00 in a research report sent to investors on Wednesday. They currently have an outperform rating on the stock.
A number of other brokerages also recently weighed in on TOY. TD Securities reaffirmed a buy rating and issued a C$39.00 target price on shares of Spin Master Corp in a research note on Thursday, February 23rd. CIBC raised their target price on shares of Spin Master Corp from C$36.00 to C$41.00 in a research note on Wednesday, March 15th. Finally, Canaccord Genuity reissued a buy rating and set a C$37.00 price target on shares of Spin Master Corp in a research note on Tuesday, January 10th. Seven research analysts have rated the stock with a buy rating, Spin Master Corp presently has a consensus rating of Buy and a consensus target price of C$38.00.
Spin Master Corp (TSE:TOY) opened at 37.85 on Wednesday. Spin Master Corp has a 52-week low of $21.67 and a 52-week high of $39.00. The company’s 50 day moving average is $33.75 and its 200-day moving average is $33.44. The firm has a market cap of $3.44 billion and a P/E ratio of 38.23.
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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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