Martinrea International Inc (MRE) Reaches New 1-Year High at $13.11
Shares of Martinrea International Inc (TSE:MRE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$13.11 and last traded at C$13.11, with a volume of shares trading hands.
A number of analysts have issued reports on MRE shares. BMO Capital Markets upgraded shares of Martinrea International from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$11.00 to C$14.00 in a report on Wednesday, August 9th. Scotiabank lifted their price target on shares of Martinrea International from C$15.00 to C$15.50 and gave the company a “sector perform” rating in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada lifted their price target on shares of Martinrea International from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Martinrea International currently has an average rating of “Buy” and a consensus price target of C$13.50.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Saturday, September 30th were issued a $0.03 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.92%.
In other Martinrea International news, insider Kerri Lynn Pope bought 4,600 shares of Martinrea International stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of C$10.65 per share, for a total transaction of C$48,990.00.
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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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