BMO Capital Markets Has Lowered Expectations for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its target price dropped by equities researchers at BMO Capital Markets from C$15.00 to C$13.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 34.30% from the company’s previous close.

Several other analysts have also weighed in on the company. TD Securities cut their price objective on Martinrea International from C$18.00 to C$13.00 in a report on Wednesday. CIBC reduced their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Price Performance

TSE MRE opened at C$9.68 on Thursday. Martinrea International has a 12 month low of C$9.52 and a 12 month high of C$14.59. The firm has a market capitalization of C$724.16 million, a PE ratio of 5.35, a P/E/G ratio of 0.82 and a beta of 2.08. The company’s 50 day simple moving average is C$11.13 and its 200 day simple moving average is C$11.39. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68.

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.