Martinrea International Inc. (MRE) Given Outperform Rating at Macquarie
Several other analysts have also weighed in on MRE. Scotiabank reaffirmed a sector perform rating and set a C$13.50 price objective on shares of Martinrea International in a report on Wednesday, August 3rd. CIBC reduced their price objective on shares of Martinrea International from C$14.00 to C$11.00 in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada reduced their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$14.10.
Martinrea International (TSE:MRE) opened at 8.39 on Wednesday. Martinrea International has a 1-year low of $7.54 and a 1-year high of $12.24. The stock has a market capitalization of $724.76 million and a P/E ratio of 9.57. The company has a 50-day moving average price of $8.41 and a 200 day moving average price of $8.92.
About Martinrea International
Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.
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