What’s Next for Spin Master Corp After Reaching 52-Week High?

 What's Next for Spin Master Corp After Reaching 52 Week High?

The stock of Spin Master Corp (TSE:TOY) hit a new 52-week high and has $58.36 target or 69.00% above today’s $34.53 share price. The 6 months bullish chart indicates low risk for the $848.68M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $58.36 price target is reached, the company will be worth $585.59M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. 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. The stock has “Outperform” rating given by RBC Capital Markets on Friday, June 17. As per Tuesday, September 1, the company rating was maintained by BMO Capital Markets. RBC Capital Markets initiated Spin Master Corp (TSE:TOY) rating on Wednesday, September 2. RBC Capital Markets has “Outperform” rating and $22 price target. The company was maintained on Monday, November 9 by RBC Capital Markets. The rating was initiated by National Bank Canada with “Outperform” on Friday, October 2. The stock of Spin Master Corp (TSE:TOY) has “Outperform” rating given on Thursday, July 21 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. TD Securities maintained the shares of TOY in a report on Tuesday, September 1 with “Buy” rating.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment