TD Securities Has Lowered Expectations for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its target price lowered by equities researchers at TD Securities from C$18.00 to C$13.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 32.52% from the company’s current price.

Other analysts also recently issued research reports about the stock. BMO Capital Markets lowered their target price on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. CIBC cut their target price on Martinrea International from C$17.50 to C$17.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Price Performance

Martinrea International stock opened at C$9.81 on Wednesday. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The business has a 50 day simple moving average of C$11.16 and a 200-day simple moving average of C$11.40. Martinrea International has a 12 month low of C$9.52 and a 12 month high of C$14.59. The stock has a market capitalization of C$733.89 million, a PE ratio of 5.42, a price-to-earnings-growth 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.