Spin Master (TSE:TOY) Price Target Cut to C$32.00 by Analysts at Jefferies Financial Group

Spin Master (TSE:TOY) had its price objective lowered by analysts at Jefferies Financial Group from C$37.00 to C$32.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 44.47% from the stock’s current price.

TOY has been the topic of several other research reports. National Bankshares decreased their price target on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price target on Spin Master from C$45.00 to C$40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price target on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group dropped their target price on shares of Spin Master from C$44.00 to C$35.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, TD Securities cut their target price on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$37.38.

Spin Master Trading Up 1.3 %

Shares of TSE TOY opened at C$22.15 on Thursday. Spin Master has a 1-year low of C$20.97 and a 1-year high of C$35.44. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The business’s 50 day moving average is C$25.77 and its two-hundred day moving average is C$29.95. The stock has a market capitalization of C$1.62 billion, a P/E ratio of 52.42, a PEG ratio of 0.57 and a beta of 1.86.

Insiders Place Their Bets

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total value of C$31,898.15. Corporate insiders own 2.20% of the company’s stock.

Spin Master Company Profile

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.