Martinrea International Inc. (TSE:MRE – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as C$7.28 and last traded at C$7.48, with a volume of 125254 shares changing hands. The stock had previously closed at C$7.37.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. CIBC downgraded shares of Martinrea International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. Raymond James decreased their target price on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. TD Securities decreased their target price on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Cibc World Mkts downgraded Martinrea International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets downgraded Martinrea International from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$12.10.
Read Our Latest Analysis on MRE
Martinrea International Price Performance
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.
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