Spin Master (TSE:TOY) Given New C$29.00 Price Target at TD Securities

Key Points

• TD Securities has revised its target price for Spin Master shares from C$31.00 to C$29.00, maintaining a "buy" rating and suggesting a potential upside of 50.26%.
• Analyst ratings on Spin Master show a mix of sentiment with one strong buy, four buys, and five holds, leading to a consensus rating of "Moderate Buy" with an average target price of C$29.50.
• Spin Master operates in the $100 billion global toy industry, focusing on creating and marketing a diverse portfolio of children's entertainment products.

Spin Master (TSE:TOY - Get Free Report) had its target price cut by stock analysts at TD Securities from C$31.00 to C$29.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 50.26% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group decreased 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 report on Friday, August 1st. CIBC decreased their target price on shares of Spin Master from C$26.00 to C$23.00 in a report on Tuesday, September 30th. Stifel Nicolaus downgraded Spin Master from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$33.00 to C$25.00 in a research note on Friday, August 1st. National Bankshares lowered their target price on Spin Master from C$29.00 to C$27.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Finally, Stifel Canada downgraded Spin Master from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$29.50.

Spin Master Trading Up 0.2%

Shares of TOY traded up C$0.03 during midday trading on Wednesday, hitting C$19.30. The stock had a trading volume of 139,664 shares, compared to its average volume of 139,634. Spin Master has a fifty-two week low of C$18.98 and a fifty-two week high of C$35.44. The business has a 50-day simple moving average of C$21.95 and a two-hundred day simple moving average of C$23.29. The firm has a market cap of C$1.95 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.57 and a beta of 0.47. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

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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