Spin Master (TSE:TOY) Given New C$41.00 Price Target at Royal Bank of Canada

Spin Master (TSE:TOY) had its price objective cut by Royal Bank of Canada from C$43.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on the company. TD Securities reduced their price objective on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research report on Wednesday. Cormark raised their target price on Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. Finally, National Bankshares lowered their price target on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$37.75.

Spin Master Stock Performance

Shares of TSE TOY opened at C$27.41 on Wednesday. Spin Master has a 12 month low of C$26.67 and a 12 month high of C$35.44. The company has a market cap of C$2.01 billion, a P/E ratio of 64.87, a P/E/G ratio of 0.57 and a beta of 1.86. The business’s 50 day moving average is C$31.57 and its two-hundred day moving average is C$31.67. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61.

Spin Master Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were given a $0.12 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. Spin Master’s dividend payout ratio (DPR) is presently 113.60%.

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.