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Barclays Thinks Spin Master’s Stock is Going to Recover


In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Spin Master (TOY). Analyst Jim Durran from Barclays remains bullish on the stock and has a C$63 price target.

According to TipRanks.com, Durran is ranked #285 out of 4918 analysts.

Currently, the analyst consensus on Spin Master is a Strong Buy with an average price target of C$60.43, a 31.6% upside from current levels. In a report issued on November 1, Raymond James also maintained a Buy rating on the stock with a C$65 price target.

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Spin Master’s market cap is currently C$4.72B and has a P/E ratio of 22.7. The company has a Price to Book ratio of 6.72.

Spin Master Corp. engages in the design, marketing, and sale of entertainment products for children. It operates through the following segments: Activities, Games, Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High Tech Construction; Pre School and Girls; and Outdoor.

The company’s shares closed on Thursday at C$45.91, close to its 52-week low of C$43.