Martinrea International Inc. (TSE:MRE) Senior Officer Purchases C$105,070.00 in Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Francesco Barbara bought 13,300 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were acquired at an average price of C$7.90 per share, for a total transaction of C$105,070.00.

Martinrea International Stock Performance

TSE:MRE opened at C$7.19 on Friday. Martinrea International Inc. has a twelve month low of C$7.17 and a twelve month high of C$12.65. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32. The stock’s 50-day simple moving average is C$8.22 and its 200 day simple moving average is C$9.61. The firm has a market capitalization of C$534.45 million, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.

Wall Street Analysts Forecast Growth

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

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.