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.

COPYRIGHT VIOLATION NOTICE: “Martinrea International Inc (MRE) Reaches New 1-Year High at $13.11” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at

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.

Receive News & Stock Ratings for Martinrea International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martinrea International Inc and related stocks with our FREE daily email newsletter.