Martinrea International (TSE:MRE) Price Target Cut to C$14.00 by Analysts at Raymond James

Martinrea International (TSE:MRE - Get Free Report) had its price target decreased by equities research analysts at Raymond James from C$17.50 to C$14.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James' target price would suggest a potential upside of 66.87% from the stock's previous close.

A number of other research firms also recently weighed in on MRE. TD Securities decreased their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. CIBC decreased their price objective on Martinrea International from C$17.00 to C$14.50 in a report on Thursday, November 14th. Finally, 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Martinrea International has an average rating of "Moderate Buy" and an average price target of C$13.40.

Martinrea International Stock Down 3.2 %

Shares of TSE:MRE traded down C$0.28 during mid-day trading on Friday, reaching C$8.39. 197,967 shares of the stock were exchanged, compared to its average volume of 190,460. The company has a market cap of C$627.66 million, a P/E ratio of 4.64, a P/E/G ratio of 0.82 and a beta of 2.08. The stock's 50 day simple moving average is C$9.77 and its 200-day simple moving average is C$10.76. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. Martinrea International has a one year low of C$8.35 and a one year high of C$14.45.

Insider Activity

In related news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were bought at an average cost of C$10.02 per share, with a total value of C$70,140.00. 11.31% of the stock is owned by insiders.

Martinrea International Company Profile

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.