Spin Master Corp (TOY) Trading 3.6% Higher
Spin Master Corp (TSE:TOY)’s share price traded up 3.6% on Tuesday . The company traded as high as C$45.66 and last traded at C$45.50. 119,903 shares were traded during mid-day trading, a decline of 61% from the average session volume of 305,757 shares. The stock had previously closed at C$43.91.
A number of equities analysts recently weighed in on the company. BMO Capital Markets upgraded Spin Master Corp from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$36.00 to C$68.00 in a research report on Tuesday, August 8th. National Bank Financial increased their price target on Spin Master Corp from C$43.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. CIBC increased their price target on Spin Master Corp from C$44.00 to C$50.00 in a research report on Thursday, August 3rd. Royal Bank Of Canada increased their price target on Spin Master Corp from C$45.00 to C$54.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, TD Securities upgraded Spin Master Corp from a “buy” rating to an “action list buy” rating and decreased their price target for the company from C$48.00 to C$45.00 in a research report on Thursday, July 13th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Spin Master Corp has a consensus rating of “Buy” and a consensus target price of C$51.25.
The stock has a 50 day moving average of $43.74 and a 200 day moving average of $43.74. The firm has a market capitalization of $4.65 billion and a PE ratio of 39.38.
In other news, Director Benoit Gadbois sold 98,781 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$45.11, for a total transaction of C$4,456,010.91. Also, insider Mark Segal sold 28,666 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$46.86, for a total value of C$1,343,288.76. Over the last three months, insiders sold 496,340 shares of company stock valued at $22,708,132.
Spin Master Corp Company Profile
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.
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