Spin Master Corp (TOY) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Spin Master Corp (TSE:TOY) have been assigned an average rating of “Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$51.25.
TOY has been the topic of several research analyst reports. Royal Bank Of Canada dropped their target price on shares of Spin Master Corp from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 25th. National Bank Financial upgraded shares of Spin Master Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 21st. BMO Capital Markets upgraded shares of Spin Master Corp from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$36.00 to C$68.00 in a research report on Tuesday, August 8th. TD Securities boosted their price target on shares of Spin Master Corp from C$45.00 to C$54.00 and gave the stock an “action list buy” rating in a research report on Wednesday, August 2nd. Finally, CIBC boosted their price target on shares of Spin Master Corp from C$44.00 to C$50.00 in a research report on Thursday, August 3rd.
Shares of Spin Master Corp (TSE TOY) traded up 1.27% during mid-day trading on Friday, hitting $44.71. 1,256,478 shares of the stock traded hands. The company has a market cap of $1.26 billion and a P/E ratio of 38.21. Spin Master Corp has a 12 month low of $29.88 and a 12 month high of $48.40. The firm has a 50 day moving average of $43.74 and a 200 day moving average of $39.85.
In related news, insider Mark Segal sold 101,616 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of C$45.05, for a total transaction of C$4,577,800.80. Also, Director Chi Wah Yuen sold 28,640 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$46.85, for a total transaction of C$1,341,784.00. Insiders have sold 496,340 shares of company stock worth $22,708,132 over the last 90 days.
About Spin Master Corp
Spin Master Corp., a childrens entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
Receive News & Ratings for Spin Master Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spin Master Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.