Shares of Martinrea International Inc. (OTCMKTS:MRETF) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.40.
Several equities analysts recently weighed in on MRETF shares. CIBC dropped their price objective on Martinrea International from C$22.00 to C$19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 11th. BMO Capital Markets decreased their price objective on Martinrea International from C$16.00 to C$14.00 and set a “market perform” rating on the stock in a report on Wednesday, August 11th. Finally, TD Securities cut their target price on Martinrea International from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Wednesday, August 11th.
Shares of MRETF stock traded down $0.37 on Thursday, hitting $8.92. The stock had a trading volume of 6,198 shares, compared to its average volume of 2,996. The company’s 50 day moving average price is $9.68 and its 200-day moving average price is $10.39. Martinrea International has a 1 year low of $6.77 and a 1 year high of $13.21.
Martinrea International, Inc is a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems.. The firm operates through the following geographical segments: North America, Europe, and Rest of the World.
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