Spin Master (TSE:TOY) Given New C$27.00 Price Target at National Bankshares

Key Points

• National Bankshares has reduced Spin Master's price target from C$29.00 to C$27.00, while maintaining an "outperform" rating, indicating a potential upside of 36.43% from its current price.
• Other brokerages have provided mixed ratings with price targets ranging from C$24.00 to C$33.00, suggesting a consensus rating of "Moderate Buy" and an average price target of C$30.38.
• Spin Master shares traded down by C$1.19 to C$19.79, with a market capitalization of C$2.00 billion and a debt-to-equity ratio of 39.61.

Spin Master (TSE:TOY - Get Free Report) had its price target decreased by equities researchers at National Bankshares from C$29.00 to C$27.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective suggests a potential upside of 36.43% from the company's current price.

Several other brokerages also recently issued reports on TOY. Cibc World Mkts upgraded Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. CIBC set a C$28.00 target price on shares of Spin Master and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Stifel Nicolaus cut shares of Spin Master from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$33.00 to C$25.00 in a research note on Friday, August 1st. TD Securities lowered their target price on shares of Spin Master from C$32.00 to C$31.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Canaccord Genuity Group lowered their target price on shares of Spin Master from C$26.00 to C$24.00 and set a "hold" rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Spin Master presently has a consensus rating of "Moderate Buy" and an average price target of C$30.38.

Spin Master Price Performance

Shares of Spin Master stock traded down C$1.19 during trading on Friday, hitting C$19.79. 327,858 shares of the company were exchanged, compared to its average volume of 135,779. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. Spin Master has a fifty-two week low of C$19.75 and a fifty-two week high of C$35.44. The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 0.57 and a beta of 0.66. The firm has a 50 day moving average price of C$22.92 and a 200 day moving average price of C$23.64.

About Spin Master

Spin Master is a children's entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).

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