Francesco Barbara Acquires 13,300 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Francesco Barbara purchased 13,300 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$7.90 per share, with a total value of C$105,070.00.

Martinrea International Price Performance

TSE MRE opened at C$7.19 on Friday. The firm’s fifty day simple moving average is C$8.22 and its two-hundred day simple moving average is C$9.63. The firm has a market capitalization of C$534.45 million, a P/E ratio of 5.36, a P/E/G 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. Martinrea International Inc. has a 12-month low of C$7.17 and a 12-month high of C$12.65.

Analyst Ratings Changes

A number of research firms have recently issued reports on MRE. Cibc World Mkts downgraded Martinrea International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. CIBC downgraded shares of Martinrea International from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. TD Securities cut their price objective on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Raymond James dropped 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 report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Martinrea International has an average rating of “Hold” and an average target price of C$12.10.

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.