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

Martinrea International (TSE:MRE - Free Report) had its price objective decreased by TD Securities from C$12.00 to C$10.00 in a research report report published on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research firms have also commented on MRE. Cibc World Mkts lowered Martinrea International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. CIBC boosted 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 report on Thursday, April 24th. Finally, Raymond James cut their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Martinrea International presently has an average rating of "Hold" and an average price target of C$11.25.

Martinrea International Price Performance

Shares of TSE:MRE traded up C$0.38 during midday trading on Monday, hitting C$7.74. The company had a trading volume of 233,815 shares, compared to its average volume of 143,186. Martinrea International has a twelve month low of C$6.12 and a twelve month high of C$12.65. The stock has a market cap of C$575.34 million, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. The business's 50-day simple moving average is C$7.23 and its 200-day simple moving average is C$8.77.

Insider Activity at Martinrea International

In related news, Senior Officer Peter Cirulis bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of C$7.39 per share, with a total value of C$36,965.50. Also, Director Frank Patrick D'eramo purchased 26,200 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of C$7.69 per share, for a total transaction of C$201,372.26. Insiders have bought a total of 44,500 shares of company stock valued at $343,408 over the last 90 days. 11.31% of the stock is owned by corporate 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.