Martinrea International Inc (TSE:MRE) insider Amurrio Juan Jose Nardiz bought 12,850 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of C$15.29 per share, with a total value of C$196,476.50.

Martinrea International Inc (MRE) traded up C$0.65 during midday trading on Wednesday, hitting C$16.43. 363,075 shares of the company’s stock were exchanged, compared to its average volume of 248,490. Martinrea International Inc has a fifty-two week low of C$7.97 and a fifty-two week high of C$16.48.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.73%. Martinrea International’s dividend payout ratio is currently 6.56%.

A number of equities research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Martinrea International from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Scotiabank increased their target price on shares of Martinrea International from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, November 16th. BMO Capital Markets increased their target price on shares of Martinrea International from C$14.00 to C$14.50 in a research report on Thursday, November 16th. TD Securities increased their target price on shares of Martinrea International from C$15.00 to C$17.00 in a research report on Thursday, November 16th. Finally, CIBC increased their target price on shares of Martinrea International from C$11.50 to C$15.00 in a research report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$16.50.

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Martinrea International Company Profile

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive sector in North America, Europe, and internationally. It offers suspension and chassis metal components, such as suspension and cross-members, suspension lines and arms, hot-stamped structural products, and hitch and bumper assemblies; and body and structure metal components, including body structure-cross-members and rail assemblies, structural BIW components, hot-stamped structural products, and underbody stampings and assemblies.

Insider Buying and Selling by Quarter for Martinrea International (TSE:MRE)

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