Martinrea International (TSE:MRE) Price Target Cut to C$14.50 by Analysts at CIBC

Martinrea International (TSE:MRE) had its price target trimmed by CIBC from C$17.00 to C$14.50 in a report published on Thursday,BayStreet.CA reports.

Several other research firms have also issued reports on MRE. TD Securities lowered their target price on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday. BMO Capital Markets lowered their target price on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Martinrea International presently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Trading Down 1.3 %

Shares of MRE traded down C$0.13 during midday trading on Thursday, hitting C$9.68. The stock had a trading volume of 210,605 shares, compared to its average volume of 154,996. The stock’s 50 day moving average is C$11.16 and its 200 day moving average is C$11.40. The firm has a market cap of C$724.16 million, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. 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 1 year low of C$9.52 and a 1 year high of C$14.59.

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.