Martinrea International (TSE:MRE – Get Rating) had its target price increased by research analysts at TD Securities from C$15.00 to C$16.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “action list buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 31.04% from the stock’s current price.
MRE has been the subject of a number of other research reports. BMO Capital Markets upped their target price on Martinrea International from C$10.00 to C$10.50 in a research report on Wednesday, November 2nd. CIBC upped their target price on Martinrea International from C$11.00 to C$13.00 in a research report on Friday, December 23rd. Scotiabank upped their target price on Martinrea International from C$13.00 to C$16.00 in a research report on Wednesday, December 7th. Finally, Raymond James raised Martinrea International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$12.00 to C$13.50 in a research report on Wednesday, November 2nd.
Martinrea International Stock Up 3.3 %
TSE:MRE traded up C$0.39 during mid-day trading on Wednesday, reaching C$12.21. The stock had a trading volume of 115,943 shares, compared to its average volume of 128,377. The business’s 50 day moving average is C$11.64 and its 200 day moving average is C$10.38. Martinrea International has a fifty-two week low of C$7.43 and a fifty-two week high of C$12.54. The stock has a market cap of C$981.53 million and a P/E ratio of 12.72. The company has a debt-to-equity ratio of 100.83, a current ratio of 1.17 and a quick ratio of 0.68.
In other Martinrea International news, Director Robert Peter Edward Wildeboer acquired 8,500 shares of Martinrea International stock in a transaction dated Wednesday, December 7th. The stock was bought at an average cost of C$11.87 per share, with a total value of C$100,895.00. Following the completion of the transaction, the director now owns 548,500 shares of the company’s stock, valued at C$6,510,695.
Martinrea International Company Profile
Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.
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