Robert Peter Edward Wildeboer Buys 7,000 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Robert Peter Edward Wildeboer acquired 7,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of C$10.02 per share, with a total value of C$70,140.00.

Martinrea International Trading Up 2.6 %

Shares of TSE:MRE traded up C$0.26 on Friday, hitting C$10.22. 473,000 shares of the company’s stock were exchanged, compared to its average volume of 156,912. Martinrea International Inc. has a 12 month low of C$9.52 and a 12 month high of C$14.59. The stock has a market capitalization of C$764.56 million, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The business’s 50 day simple moving average is C$11.03 and its two-hundred day simple moving average is C$11.35. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68.

Analyst Ratings Changes

A number of analysts recently issued reports on MRE shares. CIBC lowered their price target on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. BMO Capital Markets lowered their price target on Martinrea International from C$15.00 to C$13.00 in a research report on Thursday, November 14th. Finally, TD Securities lowered their price target on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.