Spin Master (TSE:TOY) Given New C$35.00 Price Target at Canaccord Genuity Group

Spin Master (TSE:TOY) had its price target reduced by stock analysts at Canaccord Genuity Group from C$44.00 to C$35.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 28.21% from the stock’s current price.

TOY has been the topic of a number of other reports. National Bankshares decreased their target price on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their price objective on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Wednesday. Cormark boosted their price objective on Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Finally, TD Securities cut their target price on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Price Performance

Shares of TSE TOY opened at C$27.30 on Wednesday. The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 64.61, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. Spin Master has a 52 week low of C$26.67 and a 52 week high of C$35.44. The firm has a 50-day simple moving average of C$31.57 and a 200-day simple moving average of 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.

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.