Martinrea International (TSE:MRE) Price Target Lowered to C$12.00 at TD Securities

Martinrea International (TSE:MRE - Get Free Report) had its price objective lowered by research analysts at TD Securities from C$13.00 to C$12.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 54.44% from the stock's previous close.

Several other research firms have also recently issued reports on MRE. CIBC cut shares of Martinrea International from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from C$14.00 to C$9.00 in a research note on Wednesday. Cibc World Mkts cut shares of Martinrea International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. BMO Capital Markets cut shares of Martinrea International from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from C$13.00 to C$11.00 in a research note on Monday, December 16th. Finally, Raymond James lowered their target price on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research note 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.com, Martinrea International has an average rating of "Hold" and an average target price of C$12.10.

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Martinrea International Stock Performance

Shares of MRE stock traded down C$0.15 during trading on Friday, reaching C$7.77. 338,764 shares of the company's stock traded hands, compared to its average volume of 146,566. The company has a market capitalization of C$577.57 million, a P/E ratio of 5.79, 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. The firm's 50-day moving average is C$8.63 and its 200 day moving average is C$9.98. Martinrea International has a 1 year low of C$7.34 and a 1 year high of C$12.65.

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.