Insider Buying: Martinrea International Inc. (TSE:MRE) Senior Officer Purchases 5,000 Shares of Stock

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

Martinrea International Price Performance

Shares of Martinrea International stock traded up C$0.09 on Thursday, reaching C$7.52. 68,125 shares of the stock were exchanged, compared to its average volume of 141,090. The firm has a market cap of C$558.98 million, a PE ratio of 5.60, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm’s 50 day moving average is C$8.40 and its 200-day moving average is C$9.79. Martinrea International Inc. has a one year low of C$7.28 and a one year high of C$12.65.

Wall Street Analysts Forecast Growth

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