Martinrea International Inc. (TSE:MRE) Director Robert Peter Edward Wildeboer Acquires 8,500 Shares

Martinrea International Inc. (TSE:MREGet Rating) Director Robert Peter Edward Wildeboer purchased 8,500 shares of the stock in a transaction dated Wednesday, December 7th. The shares were acquired at an average price of C$11.87 per share, with a total value of C$100,895.00. Following the transaction, the director now owns 548,500 shares in the company, valued at C$6,510,695.

Martinrea International Stock Performance

Shares of MRE stock opened at C$12.18 on Friday. The company’s fifty day simple moving average is C$10.14 and its 200-day simple moving average is C$9.76. The company has a quick ratio of 0.68, a current ratio of 1.17 and a debt-to-equity ratio of 100.83. The firm has a market cap of C$979.11 million and a PE ratio of 12.69. Martinrea International Inc. has a 12 month low of C$7.43 and a 12 month high of C$12.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Martinrea International from C$10.00 to C$10.50 in a research report on Wednesday, November 2nd. CIBC lifted their price target on shares of Martinrea International from C$10.00 to C$11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 2nd. Scotiabank lifted their price objective on shares of Martinrea International from C$13.00 to C$16.00 in a research note on Wednesday. Finally, Raymond James raised shares of Martinrea International from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$12.00 to C$13.50 in a research note on Wednesday, November 2nd.

Martinrea International Company Profile

(Get Rating)

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.

See Also

Receive News & Ratings for Martinrea International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martinrea International and related companies with MarketBeat.com's FREE daily email newsletter.