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

Martinrea International (TSE:MRE) had its target price cut by research analysts at TD Securities from C$18.00 to C$13.00 in a report released on Wednesday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 32.52% from the company’s current price.

Several other research firms have also commented on MRE. BMO Capital Markets reduced their price target on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. CIBC reduced their target price on Martinrea International from C$17.50 to C$17.00 in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Price Performance

TSE:MRE opened at C$9.81 on Wednesday. Martinrea International has a one year low of C$9.52 and a one year high of C$14.59. The stock has a market cap of C$733.89 million, a PE ratio of 5.42, a P/E/G ratio of 0.82 and a beta of 2.08. The stock has a 50 day moving average price of C$11.16 and a 200 day moving average price of C$11.40. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25.

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.