Martinrea International (TSE:MRE - Free Report) had its price target raised by CIBC from C$14.50 to C$14.75 in a research report report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
MRE has been the topic of a number of other reports. Raymond James reduced their price target on Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research report on Friday. TD Securities reduced their target price on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets downgraded Martinrea International from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Martinrea International presently has an average rating of "Moderate Buy" and an average target price of C$13.45.
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Martinrea International Stock Up 2.7 %
Martinrea International stock traded up C$0.23 during mid-day trading on Monday, reaching C$8.62. 182,104 shares of the company were exchanged, compared to its average volume of 189,416. Martinrea International has a 12-month low of C$8.35 and a 12-month high of C$14.45. The business has a fifty day moving average of C$9.73 and a 200 day moving average of C$10.73. The firm has a market cap of C$644.86 million, a P/E ratio of 4.76, a PEG ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25.
Insiders Place Their Bets
In other Martinrea International news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was bought at an average price of C$10.02 per share, with a total value of C$70,140.00. 11.31% of the stock is currently owned by corporate insiders.
About Martinrea International
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Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.
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