Martinrea International (TSE:MRE) Price Target Raised to C$14.75

Martinrea International (TSE:MRE) had its target price lifted by CIBC from C$14.50 to C$14.75 in a research note published on Monday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other analysts have also weighed in on MRE. TD Securities cut their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. BMO Capital Markets lowered Martinrea International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$13.00 to C$11.00 in a research note on Monday, December 16th. Finally, Raymond James lowered their target price on 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Martinrea International has an average rating of “Moderate Buy” and a consensus price target of C$13.45.

Martinrea International Price Performance

Shares of MRE opened at C$9.04 on Monday. The company’s fifty day moving average price is C$9.62 and its 200-day moving average price is C$10.68. Martinrea International has a 1-year low of C$8.35 and a 1-year high of C$14.45. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The firm has a market capitalization of C$676.28 million, a PE ratio of 4.99, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.

Insider Buying and Selling at Martinrea International

In related news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. Insiders own 11.31% of the company’s stock.

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.