Martinrea International Inc. (TSE:MRE – Get Free Report) Senior Officer Peter Cirulis acquired 2,975 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average cost of C$8.40 per share, with a total value of C$24,990.00.
Peter Cirulis also recently made the following trade(s):
- On Thursday, June 13th, Peter Cirulis bought 6,141 shares of Martinrea International stock. The stock was purchased at an average cost of C$8.56 per share, for a total transaction of C$52,566.96.
Martinrea International Stock Up 2.6 %
MRE stock opened at C$11.55 on Friday. The company has a 50 day moving average price of C$11.79 and a two-hundred day moving average price of C$12.62. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. The stock has a market capitalization of C$886.35 million, a P/E ratio of 6.11, a PEG ratio of 0.82 and a beta of 2.23. Martinrea International Inc. has a one year low of C$10.75 and a one year high of C$15.16.
Martinrea International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, June 28th. Martinrea International’s dividend payout ratio is currently 10.58%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on MRE shares. Raymond James dropped their target price on shares of Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a report on Friday, March 1st. TD Securities downgraded Martinrea International from an “action list buy” rating to a “buy” rating and cut their price objective for the stock from C$21.00 to C$19.00 in a research report on Friday, March 1st. CIBC lowered their target price on Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, May 6th. Finally, Scotiabank cut their price target on Martinrea International from C$15.00 to C$14.50 in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Martinrea International has a consensus rating of “Moderate Buy” and a consensus price target of C$18.25.
Read Our Latest Research Report on Martinrea International
Martinrea International Company Profile
Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.
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