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

Spin Master (TSE:TOY) had its price target decreased by equities research analysts at Canaccord Genuity Group from C$44.00 to C$35.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 29.63% from the stock’s current price.

TOY has been the topic of several other research reports. Cormark upped their target price on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Royal Bank of Canada dropped their target price on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Wednesday. National Bankshares reduced 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. Finally, TD Securities lowered their target price on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Spin Master presently has an average rating of “Moderate Buy” and an average target price of C$37.75.

Spin Master Stock Performance

TSE:TOY traded down C$1.02 during mid-day trading on Wednesday, hitting C$27.00. The stock had a trading volume of 222,161 shares, compared to its average volume of 66,194. The company has a 50 day simple moving average of C$31.80 and a 200-day simple moving average of C$31.74. The stock has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 63.90, a P/E/G ratio of 0.57 and a beta of 1.86. 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 52 week low of C$26.67 and a 52 week high of C$35.44.

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.