CIBC Issues Pessimistic Forecast for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its price target decreased by stock analysts at CIBC from C$17.00 to C$14.50 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 49.79% from the stock’s current price.

Several other equities analysts also recently weighed in on MRE. BMO Capital Markets cut their price target on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. TD Securities decreased their price target on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Stock Down 1.3 %

MRE stock opened at C$9.68 on Thursday. 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 company’s 50 day simple moving average is C$11.13 and its 200-day simple moving average is C$11.39. 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.

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.