The stock of Spin Master Corp (TSE:TOY) reached all time high today, Nov, 7 and still has $56.63 target or 64.00% above today’s $34.53 share price. This indicates more upside for the $848.68M company. This technical setup was reported by Barchart.com. If the $56.63 PT is reached, the company will be worth $543.16M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 13,642 shares traded hands. Spin Master Corp (TSE:TOY) has risen 50.38% since April 1, 2016 and is uptrending. It has outperformed by 48.42% the S&P500.
Spin Master Corp (TSE:TOY) Ratings Coverage
Out of 2 analysts covering Spin Master Corp. (TSE:TOY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $38 is the highest target while $22 is the lowest. The $31.50 average target is -8.77% below today’s ($34.53) stock price. Spin Master Corp. has been the topic of 16 analyst reports since September 1, 2015 according to StockzIntelligence Inc. National Bank Canada initiated it with “Outperform” rating and $26 target price in Friday, October 2 report. The stock of Spin Master Corp (TSE:TOY) has “Outperform” rating given on Friday, June 17 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 29. TD Securities maintained Spin Master Corp (TSE:TOY) rating on Tuesday, September 1. TD Securities has “Buy” rating and $24 price target. The rating was initiated by RBC Capital Markets with “Outperform” on Wednesday, September 2. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, September 1 report. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, July 21. As per Monday, November 9, the company rating was maintained by RBC Capital Markets.
More notable recent Spin Master Corp (TSE:TOY) news were published by: Prnewswire.com which released: “Spin Master Corp. to Report Second Quarter 2016 Financial Results on August …” on July 11, 2016, also Marketwatch.com with their article: “Spin Master Corp.” published on October 02, 2015, Reuters.com published: “BRIEF-Spin Master buys Swimways Corp” on August 02, 2016. More interesting news about Spin Master Corp (TSE:TOY) were released by: Prnewswire.com and their article: “Spin Master Corp. Announces Appointment of Laura Clunie to Vice-President …” published on August 06, 2015 as well as Seekingalpha.com‘s news article titled: “Spin Master – An Interesting Performance” with publication date: April 18, 2016.
Spin Master Corp., formerly SML Investments Inc., is a Canada children’s entertainment company. The company has a market cap of $848.68 million. The Company, through Spin Master Ltd. and its subsidiaries, is engaged in creating, designing, manufacturing and marketing a diversified portfolio of toys, games, products and entertainment properties. It has a 49.46 P/E ratio. The Company’s divisions include North America, consisting of the United States and Canada; Europe, consisting of Spin Master’s subsidiaries in the United Kingdom, France, Italy, the Netherlands, Germany, Austria and Switzerland, and the Rest of World, consisting of Spin Master’s subsidiary in Mexico and all other areas of the world serviced by Spin Master’s third-party distribution network.
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