Spin Master Corp (TOY) Hits New 1-Year High at $51.74
Spin Master Corp (TSE:TOY)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$51.74 and last traded at C$50.80, with a volume of 61,341 shares traded. The stock had previously closed at C$50.89.
A number of brokerages recently weighed in on TOY. BMO Capital Markets upgraded shares of Spin Master Corp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$36.00 to C$68.00 in a report on Tuesday, August 8th. Raymond James Financial, Inc. boosted their target price on shares of Spin Master Corp from C$48.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Royal Bank Of Canada boosted their target price on shares of Spin Master Corp from C$45.00 to C$54.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Jefferies Group LLC boosted their target price on shares of Spin Master Corp from C$39.00 to C$45.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, CIBC boosted their target price on shares of Spin Master Corp from C$44.00 to C$50.00 in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Spin Master Corp has a consensus rating of “Buy” and an average target price of C$51.25.
In other news, insider Mark Segal sold 8,139 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of C$46.07, for a total transaction of C$374,963.73. Also, Director Benoit Gadbois sold 9,990 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$46.29, for a total value of C$462,437.10. Over the last ninety days, insiders have sold 519,340 shares of company stock valued at $23,806,842.
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Spin Master Corp Company Profile
Spin Master Corp., a childrens 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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