Insider Buying: Martinrea International Inc. (TSE:MRE) Senior Officer Purchases C$36,965.50 in Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of C$7.39 per share, with a total value of C$36,965.50.

Martinrea International Price Performance

Shares of Martinrea International stock opened at C$7.41 on Friday. The firm has a fifty day moving average price of C$8.35 and a two-hundred day moving average price of C$9.75. Martinrea International Inc. has a fifty-two week low of C$7.28 and a fifty-two week high of C$12.65. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a market cap of C$550.81 million, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRE. CIBC downgraded Martinrea International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$14.00 to C$9.00 in a report on Wednesday, March 5th. Cibc World Mkts lowered shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. BMO Capital Markets downgraded shares of Martinrea International from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. TD Securities decreased their price target on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Raymond James dropped their price objective on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$12.10.

About Martinrea International

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.