Martinrea International (TSE:MRE) Price Target Cut to C$13.00 by Analysts at BMO Capital Markets

Martinrea International (TSE:MRE) had its target price reduced by BMO Capital Markets from C$15.00 to C$13.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. TD Securities dropped their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. CIBC dropped their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Price Performance

Martinrea International stock opened at C$9.68 on Thursday. Martinrea International has a 52 week low of C$9.52 and a 52 week high of C$14.59. The company’s 50 day moving average price is C$11.13 and its two-hundred day moving average price is C$11.39. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. The stock has a market cap of C$724.16 million, a P/E ratio of 5.35, a P/E/G ratio of 0.82 and a beta of 2.08.

About Martinrea International

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.