Martinrea International Inc. (TSE:MRE) Senior Officer Francesco Barbara Buys 13,300 Shares

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

Martinrea International Stock Performance

Shares of Martinrea International stock opened at C$7.48 on Friday. The business has a 50-day simple moving average of C$8.26 and a 200 day simple moving average of C$9.64. Martinrea International Inc. has a one year low of C$7.28 and a one year 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 firm has a market capitalization of C$556.01 million, a price-to-earnings ratio of 5.57, a PEG ratio of 0.82 and a beta of 2.08.

Analyst Ratings Changes

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