Martinrea International (TSE:MRE) Price Target Lowered to C$12.00 at TD Securities

Martinrea International (TSE:MRE) had its price target decreased by TD Securities from C$13.00 to C$12.00 in a report released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Martinrea International from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. Raymond James cut their price objective on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Cibc World Mkts downgraded shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, CIBC downgraded shares of Martinrea International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Martinrea International has an average rating of “Hold” and an average target price of C$12.10.

Martinrea International Trading Down 1.9 %

Martinrea International stock opened at C$7.77 on Friday. The firm’s 50-day moving average is C$8.63 and its 200-day moving average is C$9.97. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International has a 1 year low of C$7.34 and a 1 year high of C$12.65. The company has a market cap of C$577.57 million, a P/E ratio of 5.79, a PEG ratio of 0.82 and a beta of 2.08.

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.