TD Securities Lowers Martinrea International (TSE:MRE) Price Target to C$10.00

Martinrea International (TSE:MRE - Get Free Report) had its price objective cut by equities research analysts at TD Securities from C$12.00 to C$10.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 44.30% from the stock's previous close.

A number of other research firms also recently issued reports on MRE. CIBC upped their target price on shares of Martinrea International from C$8.00 to C$8.50 and gave the company a "neutral" rating in a research report on Thursday. Raymond James cut their target price on Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Finally, Cibc World Mkts lowered Martinrea International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$11.60.

Martinrea International Trading Up 0.9 %

Shares of TSE MRE traded up C$0.06 during midday trading on Monday, hitting C$6.93. The stock had a trading volume of 44,707 shares, compared to its average volume of 140,886. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. Martinrea International has a fifty-two week low of C$6.12 and a fifty-two week high of C$12.65. The firm has a market cap of C$515.13 million, a P/E ratio of 5.16, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company's 50-day simple moving average is C$7.33 and its 200 day simple moving average is C$8.91.

Insider Activity at Martinrea International

In other news, Director Frank Patrick D'eramo acquired 26,200 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of C$7.69 per share, for a total transaction of C$201,372.26. Also, Senior Officer Francesco Barbara bought 13,300 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of C$7.90 per share, for a total transaction of C$105,070.00. In the last three months, insiders acquired 44,500 shares of company stock worth $343,408. 11.31% of the stock is owned by company insiders.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.

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