Martinrea International (TSE:MRE) Given New C$14.00 Price Target at Raymond James

Martinrea International (TSE:MRE) had its price objective cut by research analysts at Raymond James from C$17.50 to C$14.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 66.87% from the stock’s previous close.

A number of other analysts have also recently weighed in on MRE. TD Securities dropped their target price on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. BMO Capital Markets lowered Martinrea International from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. Finally, CIBC lowered their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.40.

Martinrea International Stock Down 3.2 %

Shares of TSE:MRE traded down C$0.28 during midday trading on Friday, reaching C$8.39. The company had a trading volume of 138,076 shares, compared to its average volume of 179,816. The stock has a market capitalization of C$627.66 million, a P/E ratio of 4.64, a PEG 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 one year low of C$8.38 and a one year high of C$14.45. The stock’s fifty day moving average price is C$9.77 and its 200-day moving average price is C$10.76.

Insider Transactions at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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.