BMO Capital Markets Trims Spin Master (TSE:TOY) Target Price to C$45.00

Spin Master (TSE:TOY) had its target price dropped by analysts at BMO Capital Markets from C$50.00 to C$45.00 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 17.37% from the company’s current price.

Several other equities research analysts also recently commented on TOY. CIBC cut their price objective on Spin Master from C$47.00 to C$46.00 in a report on Thursday. Royal Bank of Canada dropped their price target on Spin Master from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities dropped their price target on Spin Master from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group dropped their price target on Spin Master from C$40.00 to C$39.00 in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Spin Master presently has an average rating of “Buy” and a consensus target price of C$49.09.

Shares of TSE TOY traded down C$0.25 during trading hours on Friday, hitting C$38.34. The company had a trading volume of 29,017 shares, compared to its average volume of 110,962. The stock has a market capitalization of $3.91 billion and a P/E ratio of 36.14. The company has a quick ratio of 1.44, a current ratio of 2.00 and a debt-to-equity ratio of 12.47. Spin Master has a 1-year low of C$34.82 and a 1-year high of C$47.75. The firm’s 50 day moving average is C$39.28 and its 200-day moving average is C$40.58.

In related news, Director Benoit Gadbois sold 147,708 shares of Spin Master stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$44.00, for a total value of C$6,499,329.25. Following the completion of the sale, the director now owns 536,665 shares of the company’s stock, valued at approximately C$23,613,904.

About Spin Master

Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. The company sells toys and related products to retail customers and distributors, as well as online.

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