Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Francesco Barbara bought 13,300 shares of Martinrea International stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of C$7.90 per share, with a total value of C$105,070.00.
Martinrea International Price Performance
TSE MRE traded down C$0.03 on Monday, hitting C$7.11. 71,592 shares of the company were exchanged, compared to its average volume of 146,045. Martinrea International Inc. has a 1-year low of C$6.94 and a 1-year high of C$12.65. The firm has a 50 day moving average of C$8.22 and a two-hundred day moving average of C$9.60. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. The company has a market cap of C$528.51 million, a P/E ratio of 5.30, a P/E/G ratio of 0.82 and a beta of 2.08.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. CIBC cut Martinrea International from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from C$14.00 to C$9.00 in a report on Wednesday, March 5th. Cibc World Mkts lowered shares of Martinrea International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets downgraded shares of Martinrea International from an "outperform" rating to a "market perform" rating and cut their price target for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. TD Securities reduced their price target on shares of Martinrea International from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Raymond James dropped 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 report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$12.10.
Get Our Latest Stock Report on MRE
About Martinrea International
(
Get Free Report)
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.
See Also
Before you consider Martinrea International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martinrea International wasn't on the list.
While Martinrea International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
