Scotiabank Raises Martinrea International (OTCMKTS:MRETF) Price Target to C$14.00

Martinrea International (OTCMKTS:MRETFGet Rating) had its price objective hoisted by investment analysts at Scotiabank from C$13.00 to C$14.00 in a report issued on Tuesday, The Fly reports.

Several other analysts also recently weighed in on the stock. Raymond James boosted their target price on shares of Martinrea International from C$11.00 to C$12.00 in a research report on Tuesday. CIBC dropped their target price on shares of Martinrea International from C$14.00 to C$13.00 in a research report on Friday, July 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.10.

Martinrea International Stock Up 3.2 %

OTCMKTS:MRETF traded up $0.23 during trading hours on Tuesday, hitting $7.51. 1,696 shares of the company were exchanged, compared to its average volume of 6,668. Martinrea International has a 52-week low of $5.80 and a 52-week high of $10.13. The company’s 50 day moving average price is $6.94 and its 200-day moving average price is $7.04.

Martinrea International Company Profile

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Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.

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