Frank Patrick D'eramo Buys 26,200 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE - Get Free Report) Director Frank Patrick D'eramo acquired 26,200 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of C$7.69 per share, for a total transaction of C$201,372.26.

Martinrea International Trading Down 3.6 %

Shares of MRE traded down C$0.27 during trading hours on Friday, reaching C$7.21. 173,084 shares of the company traded hands, compared to its average volume of 146,220. The firm has a market cap of C$535.94 million, a price-to-earnings ratio of 5.37, a PEG ratio of 0.82 and a beta of 2.08. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. Martinrea International Inc. has a 12-month low of C$7.18 and a 12-month high of C$12.65. The stock's fifty day moving average price is C$8.26 and its 200 day moving average price is C$9.64.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MRE. CIBC downgraded shares of Martinrea International from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. BMO Capital Markets downgraded Martinrea International from an "outperform" rating to a "market perform" rating and lowered their target price for the company from C$13.00 to C$11.00 in a research report on Monday, December 16th. TD Securities reduced their target price on shares of Martinrea International from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Friday, March 7th. Cibc World Mkts downgraded Martinrea International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Raymond James lowered their price objective on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Martinrea International has a consensus rating of "Hold" and a consensus target price of C$12.10.

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About Martinrea International

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.