BMO Capital Markets Upgrades Spin Master Corp (TOY) to Outperform

BMO Capital Markets upgraded shares of Spin Master Corp (TSE:TOY) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, August 8th. They currently have C$68.00 price target on the stock, up from their previous price target of C$36.00.

A number of other equities analysts have also issued reports on TOY. TD Securities restated a buy rating and set a C$43.00 target price on shares of Spin Master Corp in a research report on Wednesday, April 26th. Raymond James Financial, Inc. reaffirmed an outperform rating and set a C$48.00 price target on shares of Spin Master Corp in a report on Wednesday, May 10th. CIBC increased their price target on Spin Master Corp from C$41.00 to C$44.00 in a report on Monday, May 15th. National Bank Financial downgraded Spin Master Corp from an outperform overweight rating to a sector perform overweight rating in a report on Friday, May 12th. Finally, Royal Bank Of Canada reduced their target price on Spin Master Corp from C$47.00 to C$45.00 and set an outperform rating for the company in a report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Spin Master Corp presently has an average rating of Buy and an average target price of C$51.25.

Spin Master Corp (TSE TOY) traded down 1.42% during mid-day trading on Tuesday, reaching $45.10. 86,640 shares of the company’s stock traded hands. The stock’s 50 day moving average is $40.76 and its 200-day moving average is $38.05. Spin Master Corp has a 52 week low of $27.50 and a 52 week high of $48.40. The stock has a market capitalization of $4.59 billion and a PE ratio of 38.81.

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In other Spin Master Corp news, insider Mark Segal sold 28,666 shares of Spin Master Corp stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$46.86, for a total value of C$1,343,288.76. Also, Director Benoit Gadbois sold 58,941 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of C$45.88, for a total value of C$2,704,213.08. In the last quarter, insiders have sold 275,318 shares of company stock valued at $12,732,666.

About Spin Master Corp

Spin Master Corp., a children’s 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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