Brokerages Set Martinrea International Inc. (TSE:MRE) Target Price at $12.88
Shares of Martinrea International Inc. (TSE:MRE) have earned an average recommendation of “Buy” from the six analysts that are covering the firm. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$12.88.
Several brokerages have recently weighed in on MRE. Scotiabank reiterated a “sector perform” rating and issued a C$13.50 price target on shares of Martinrea International in a report on Wednesday, August 3rd. Royal Bank Of Canada dropped their price objective on Martinrea International from C$17.00 to C$15.00 in a research note on Thursday, June 30th. CIBC dropped their price objective on Martinrea International from C$14.00 to C$11.00 in a research note on Wednesday, August 3rd. Finally, Macquarie reissued an “outperform” rating on shares of Martinrea International in a research note on Wednesday.
Martinrea International (TSE:MRE) opened at 8.15 on Thursday. The firm’s 50-day moving average price is $8.38 and its 200-day moving average price is $8.90. The stock has a market cap of $704.03 million and a PE ratio of 9.29. Martinrea International has a 52 week low of $7.54 and a 52 week high of $12.24.
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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