Martinrea International (TSE:MRE) Price Target Lowered to C$14.00 at Raymond James

Martinrea International (TSE:MRE) had its target price cut by Raymond James from C$17.50 to C$14.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on MRE. BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$13.00 to C$11.00 in a research note on Monday, December 16th. CIBC lowered their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research note on Thursday, November 14th. Finally, TD Securities lowered their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$13.40.

Martinrea International Trading Down 3.2 %

Shares of MRE stock opened at C$8.39 on Friday. Martinrea International has a 1 year low of C$8.35 and a 1 year high of C$14.45. The firm has a fifty day moving average price of C$9.77 and a 200-day moving average price of C$10.76. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The company has a market cap of C$627.66 million, a price-to-earnings ratio of 4.64, a PEG ratio of 0.82 and a beta of 2.08.

Insiders Place Their Bets

In other Martinrea International news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. Corporate insiders own 11.31% of the company’s stock.

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.