Martinrea International (TSE:MRE) Downgraded to Market Perform Rating by BMO Capital Markets

BMO Capital Markets lowered shares of Martinrea International (TSE:MRE) from an outperform rating to a market perform rating in a report published on Monday morning,BayStreet.CA reports. They currently have C$11.00 target price on the stock, down from their prior target price of C$13.00.

A number of other research analysts also recently issued reports on MRE. TD Securities cut their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. CIBC reduced their price target on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Martinrea International currently has an average rating of “Moderate Buy” and an average price target of C$14.20.

Martinrea International Price Performance

MRE opened at C$9.20 on Monday. The firm has a market capitalization of C$688.25 million, a PE ratio of 5.08, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. 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’s 50-day moving average is C$10.60 and its two-hundred day moving average is C$11.13. Martinrea International has a 1 year low of C$9.19 and a 1 year high of C$14.59.

Insider Buying and Selling

In other news, Director Robert Peter Edward Wildeboer bought 7,000 shares of Martinrea International stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of C$10.02 per share, for a total transaction of C$70,140.00. 11.31% of the stock is owned by company insiders.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.