Martinrea International (TSE:MRE) Price Target Lowered to C$13.00 at BMO Capital Markets

Martinrea International (TSE:MRE) had its price objective dropped by investment analysts at BMO Capital Markets from C$15.00 to C$13.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 30.92% from the company’s previous close.

MRE has been the topic of several other reports. CIBC dropped their price target on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. TD Securities cut their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Trading Up 2.9 %

TSE MRE traded up C$0.28 on Thursday, hitting C$9.93. 196,861 shares of the stock were exchanged, compared to its average volume of 153,991. The company’s 50-day moving average price is C$11.20 and its two-hundred day moving average price is C$11.41. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International has a 52-week low of C$9.52 and a 52-week high of C$14.59. The company has a market capitalization of C$742.86 million, a price-to-earnings ratio of 5.50, a P/E/G ratio of 0.82 and a beta of 2.08.

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.