Spin Master (TSE:TOY) Price Target Cut to C$35.00 by Analysts at Canaccord Genuity Group

Spin Master (TSE:TOY - Get Free Report) had its target price dropped by investment analysts at Canaccord Genuity Group from C$44.00 to C$35.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 27.69% from the company's previous close.

Other analysts also recently issued research reports about the stock. National Bankshares lowered their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a "sector perform" rating for the company in a research report on Wednesday. Cormark increased their price objective on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. Royal Bank of Canada lowered their price objective on shares of Spin Master from C$43.00 to C$41.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, TD Securities lowered their price objective on shares of Spin Master from C$46.00 to C$37.00 and set a "buy" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Spin Master currently has an average rating of "Moderate Buy" and a consensus target price of C$37.75.

Spin Master Stock Up 0.4 %

TSE:TOY traded up C$0.11 during trading hours on Wednesday, hitting C$27.41. The stock had a trading volume of 130,494 shares, compared to its average volume of 76,347. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. Spin Master has a 1-year low of C$26.67 and a 1-year high of C$35.44. The business has a 50 day simple moving average of C$31.45 and a two-hundred day simple moving average of C$31.64. The company has a market cap of C$2.01 billion, a PE ratio of 64.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

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About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.