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Martinrea International (MRE) Stock Forecast & Price Target

C$11.83
-0.01 (-0.08%)
(As of 07/18/2024 ET)

Martinrea International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for Martinrea International in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 1 has given a hold rating, and 4 have given a buy rating for MRE.

Consensus Price Target

C$18.25
54.27% Upside
High ForecastC$21.50
Average ForecastC$18.25
Low ForecastC$14.50

According to the 5 analysts' twelve-month price targets for Martinrea International, the average price target is C$18.25. The highest price target for MRE is C$21.50, while the lowest price target for MRE is C$14.50. The average price target represents a forecasted upside of 54.27% from the current price of C$11.83.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$18.25C$18.25C$18.21C$18.57
Forecasted Upside54.27% Upside53.12% Upside52.48% Upside33.33% Upside
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MRE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MRE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Martinrea International Stock vs. The Competition

TypeMartinrea InternationalConsumer Cyclical Companies
Consensus Rating Score
2.80
2.50
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/6/2024CIBC
3 of 5 stars
 Lower TargetOutperformC$18.00 ➝ C$17.50+49.96%
5/3/2024Scotiabank
5 of 5 stars
 Lower TargetC$15.00 ➝ C$14.50+21.14%
3/1/2024TD Securities
4 of 5 stars
 DowngradeAction List Buy ➝ BuyC$21.00 ➝ C$19.00+60.61%
3/1/2024Raymond James
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 Lower TargetOutperformC$20.00 ➝ C$18.00+52.16%
11/27/2023Paradigm Capital
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 Lower TargetBuyC$24.00 ➝ C$21.50+78.28%
11/9/2023Cormark
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 Lower TargetC$21.50 ➝ C$19.00+51.64%
5/5/2023BMO Capital Markets
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 Lower TargetC$18.00 ➝ C$17.00+41.08%
3/6/2023Pi Financial
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 Boost TargetC$16.00 ➝ C$20.00+33.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:12 AM ET.

MRE Forecast - Frequently Asked Questions

What is Martinrea International's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Martinrea International is C$18.25, with a high forecast of C$21.50 and a low forecast of C$14.50.

Should I buy or sell Martinrea International stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Martinrea International in the last year. There is currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MRE shares.

Does Martinrea International's stock price have much upside?

According to analysts, Martinrea International's stock has a predicted upside of 53.12% based on their 12-month stock forecasts.

What analysts cover Martinrea International?

Martinrea International has been rated by research analysts at CIBC, and Scotiabank in the past 90 days.

Do Wall Street analysts like Martinrea International more than its competitors?

Analysts like Martinrea International more than other "consumer cyclical" companies. The consensus rating for Martinrea International is Moderate Buy while the average consensus rating for "consumer cyclical" companies is Hold. Learn more on how MRE compares to other companies.


This page (TSE:MRE) was last updated on 7/19/2024 by MarketBeat.com Staff

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