Martinrea International (TSE:MRE) Given New C$14.75 Price Target at CIBC

Martinrea International (TSE:MRE) had its price objective lifted by CIBC from C$14.50 to C$14.75 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

MRE has been the subject of a number of other research reports. TD Securities dropped their price objective on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$13.00 to C$11.00 in a research report on Monday, December 16th. Finally, Raymond James cut their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Martinrea International presently has an average rating of “Moderate Buy” and an average target price of C$13.45.

Martinrea International Stock Up 2.7 %

MRE opened at C$8.62 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. The business’s fifty day simple moving average is C$9.73 and its 200 day simple moving average is C$10.73. Martinrea International has a 52 week low of C$8.35 and a 52 week high of C$14.45. The stock has a market cap of C$644.86 million, a PE ratio of 4.76, a P/E/G ratio of 0.82 and a beta of 2.08.

Insider Buying and Selling at Martinrea International

In other news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. Company insiders own 11.31% of the company’s stock.

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.