TD Securities Issues Pessimistic Forecast for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MREGet Free Report) had its price target decreased by research analysts at TD Securities from C$18.00 to C$13.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 31.98% from the company’s current price.

A number of other equities research analysts have also weighed in on MRE. BMO Capital Markets dropped their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. CIBC reduced their price objective on Martinrea International from C$17.50 to C$17.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$16.50.

Get Our Latest Analysis on MRE

Martinrea International Stock Down 9.0 %

Shares of Martinrea International stock traded down C$0.97 during trading on Wednesday, reaching C$9.85. The company’s stock had a trading volume of 569,767 shares, compared to its average volume of 152,743. The company has a 50-day simple moving average of C$11.24 and a two-hundred day simple moving average of C$11.42. Martinrea International has a 1-year low of C$9.52 and a 1-year high of C$14.59. The company has a market cap of C$736.88 million, a price-to-earnings ratio of 5.46, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13.

About Martinrea International

(Get Free Report)

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.

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Analyst Recommendations for Martinrea International (TSE:MRE)

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