Martinrea International (TSE:MRE) Stock Price Expected to Rise, CIBC Analyst Says

Martinrea International (TSE:MRE) had its target price boosted by CIBC from C$14.50 to C$14.75 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 67.80% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Raymond James decreased their price target on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. BMO Capital Markets lowered shares of Martinrea International from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$13.00 to C$11.00 in a research report on Monday, December 16th. Finally, 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, November 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.45.

Martinrea International Stock Performance

Shares of MRE opened at C$8.79 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. The firm has a market cap of C$657.58 million, a PE ratio of 4.86, a P/E/G ratio of 0.82 and a beta of 2.08. Martinrea International has a 12 month low of C$8.35 and a 12 month high of C$14.45. The stock has a fifty day moving average price of C$9.65 and a 200-day moving average price of C$10.70.

Insider Transactions at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of C$10.02 per share, for a total transaction of C$70,140.00. Company insiders own 11.31% of the company’s stock.

Martinrea International Company Profile

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.