Spin Master (TSE:TOY) Given New C$41.00 Price Target at Royal Bank of Canada

Spin Master (TSE:TOY) had its price target trimmed by Royal Bank of Canada from C$43.00 to C$41.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. TD Securities decreased their price target on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research note on Wednesday. National Bankshares decreased their target price on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, Cormark upped their price target on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and a consensus target price of C$37.75.

Spin Master Stock Down 3.6 %

Shares of TSE TOY opened at C$27.00 on Wednesday. Spin Master has a 1 year low of C$26.67 and a 1 year high of C$35.44. The firm has a 50-day simple moving average of C$31.68 and a two-hundred day simple moving average of C$31.70. The company has a market cap of C$1.98 billion, a P/E ratio of 63.90, a PEG ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, December 27th. Spin Master’s payout ratio is 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.