Martinrea International (TSE:MRE – Get 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.
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Martinrea International Stock Down 9.0 %
About Martinrea International
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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