Spin Master Corp (TSE:TOY) had its price target increased by equities research analysts at National Bank Financial from C$50.00 to C$58.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 14.76% from the stock’s previous close. National Bank Financial also issued estimates for Spin Master Corp’s Q3 2017 earnings at $1.47 EPS, Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $2.14 EPS, FY2018 earnings at $2.37 EPS and FY2019 earnings at $2.60 EPS.
TOY has been the topic of several other reports. BMO Capital Markets raised Spin Master Corp from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$36.00 to C$68.00 in a research report on Tuesday, August 8th. CIBC upped their target price on Spin Master Corp from C$44.00 to C$50.00 in a research report on Thursday, August 3rd. Royal Bank Of Canada upped their target price on Spin Master Corp from C$45.00 to C$54.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. TD Securities raised Spin Master Corp from a “buy” rating to an “action list buy” rating and reduced their target price for the company from C$48.00 to C$45.00 in a research report on Thursday, July 13th. Finally, Jefferies Group LLC upped their target price on Spin Master Corp from C$39.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Spin Master Corp currently has an average rating of “Buy” and an average target price of C$52.25.
Shares of Spin Master Corp (TSE:TOY) opened at 50.54 on Wednesday. The stock has a market capitalization of $5.14 billion and a PE ratio of 43.49. The company’s 50 day moving average price is $46.90 and its 200 day moving average price is $46.90. Spin Master Corp has a 52-week low of $30.01 and a 52-week high of $51.74.
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In other Spin Master Corp news, insider Mark Segal sold 8,139 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$46.07, for a total transaction of C$374,963.73. Also, Director Chi Wah Yuen sold 28,640 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of C$46.85, for a total value of C$1,341,784.00. In the last quarter, insiders have sold 519,340 shares of company stock worth $23,806,842.
About Spin Master Corp
Spin Master Corp., a childrens entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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