Spin Master (TSE:TOY) Given New C$35.00 Price Target at Canaccord Genuity Group

Spin Master (TSE:TOY) had its price objective reduced by Canaccord Genuity Group from C$44.00 to C$35.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on TOY. Royal Bank of Canada reduced 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. Cormark raised their price objective on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. National Bankshares lowered their target price on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, TD Securities dropped their target price on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$37.75.

Spin Master Price Performance

Shares of TOY opened at C$27.00 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The stock’s 50 day moving average is C$31.68 and its two-hundred day moving average is C$31.70. Spin Master has a twelve month low of C$26.67 and a twelve month high of C$35.44. The firm has a market capitalization of C$1.98 billion, a PE ratio of 63.90, a P/E/G ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.78%. Spin Master’s payout ratio is currently 113.60%.

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.