Martinrea International (TSE:MRE) Sets New 12-Month Low After Analyst Downgrade

Martinrea International Inc. (TSE:MREGet Free Report) shares reached a new 52-week low during mid-day trading on Wednesday after TD Securities lowered their price target on the stock from C$18.00 to C$13.00. The company traded as low as C$9.52 and last traded at C$9.69, with a volume of 312819 shares trading hands. The stock had previously closed at C$10.82.

Several other research firms also recently weighed in on MRE. BMO Capital Markets cut their price objective on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. CIBC cut their price objective on Martinrea International from C$17.50 to C$17.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Martinrea International has an average rating of “Moderate Buy” and a consensus target price of C$16.50.

Read Our Latest Research Report on Martinrea International

Martinrea International Trading Down 10.8 %

The stock has a market cap of C$721.92 million, a PE ratio of 5.33, a P/E/G ratio of 0.82 and a beta of 2.08. The firm has a 50-day simple moving average of C$11.20 and a 200-day simple moving average of C$11.41. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13.

Martinrea International Company Profile

(Get Free Report)

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.

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