Royal Bank of Canada Issues Pessimistic Forecast for Spin Master (TSE:TOY) Stock Price

Spin Master (TSE:TOY) had its price target reduced by stock analysts at Royal Bank of Canada from C$43.00 to C$41.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 51.85% from the company’s current price.

TOY has been the topic of a number of other research reports. TD Securities reduced their target price on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday. National Bankshares cut their target price on 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. Finally, Cormark increased their price target on Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Spin Master presently has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Spin Master Trading Down 3.6 %

Shares of TSE TOY traded down C$1.02 during midday trading on Wednesday, reaching C$27.00. The company had a trading volume of 222,161 shares, compared to its average volume of 66,194. Spin Master has a one year low of C$26.67 and a one year high of C$35.44. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The firm’s fifty day moving average price is C$31.80 and its 200-day moving average price is C$31.74. The stock has a market cap of C$1.98 billion, a PE ratio of 63.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

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.