Martinrea International Inc. (TSE:MRE) Director Buys C$70,140.00 in Stock

Martinrea International Inc. (TSE:MRE) Director Robert Peter Edward Wildeboer bought 7,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average price of C$10.02 per share, for a total transaction of C$70,140.00.

Martinrea International Trading Up 3.7 %

Martinrea International stock opened at C$10.60 on Tuesday. The firm has a market capitalization of C$792.99 million, a price-to-earnings ratio of 5.86, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a 50 day moving average price of C$11.03 and a 200 day moving average price of C$11.35. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. Martinrea International Inc. has a 52 week low of C$9.52 and a 52 week high of C$14.59.

Analyst Ratings Changes

MRE has been the topic of a number of recent research reports. BMO Capital Markets reduced their target price on Martinrea International from C$15.00 to C$13.00 in a research note on Thursday, November 14th. CIBC decreased their price target on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. Finally, TD Securities cut their price objective on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Martinrea International currently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

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.