Macquarie Reiterates Outperform Rating for Magna International Inc. (MG)
Magna International Inc. (TSE:MG)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a report released on Wednesday.
Several other equities analysts have also recently commented on the stock. TD Securities lifted their target price on shares of Magna International from C$46.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. CIBC lifted their target price on shares of Magna International from C$45.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th.
Magna International (TSE:MG) traded up 0.88% during trading on Wednesday, hitting $54.82. The stock had a trading volume of 508,236 shares. The firm has a market capitalization of $21.33 billion and a PE ratio of 10.48. The firm has a 50 day moving average price of $52.82 and a 200-day moving average price of $51.94. Magna International has a 1-year low of $42.09 and a 1-year high of $71.10.
Magna International Company Profile
Magna International Inc (Magna) is an automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. Its product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
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