Martinrea International (TSE:MRE) Price Target Raised to C$14.00 at TD Securities

Martinrea International (TSE:MRE) had its target price boosted by investment analysts at TD Securities from C$13.00 to C$14.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 47.37% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. CIBC upped their target price on Martinrea International from C$8.50 to C$8.75 and gave the company a “neutral” rating in a report on Friday, May 2nd. Raymond James Financial dropped their target price on Martinrea International from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. 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 stock currently has a consensus rating of “Hold” and a consensus target price of C$11.88.

Martinrea International Price Performance

Shares of MRE opened at C$9.50 on Wednesday. The company has a market capitalization of C$706.16 million, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.82 and a beta of 2.08. Martinrea International has a fifty-two week low of C$6.12 and a fifty-two week high of C$11.91. 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 business’s 50-day moving average is C$8.55 and its 200-day moving average is C$8.02.

Insider Buying and Selling

In other news, Senior Officer Peter Cirulis acquired 4,568 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of C$7.99 per share, for a total transaction of C$36,485.07. Corporate insiders own 11.31% of the company’s stock.

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.