Martinrea International Inc. (OTCMKTS:MRETF) Receives $17.20 Consensus Price Target from Brokerages

Shares of Martinrea International Inc. (OTCMKTS:MRETF) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.20.

MRETF has been the subject of a number of research reports. Scotiabank dropped their price objective on shares of Martinrea International from C$19.50 to C$17.50 and set a “sector perform” rating for the company in a report on Thursday, October 7th. TD Securities cut their price objective 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. CIBC decreased their target price on Martinrea International from C$22.00 to C$19.00 and set an “outperform” rating for the company in a report on Wednesday, August 11th. Finally, BMO Capital Markets cut their price target 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.

OTCMKTS:MRETF opened at $9.52 on Monday. Martinrea International has a 52 week low of $7.52 and a 52 week high of $13.21. The stock’s fifty day moving average is $9.47 and its two-hundred day moving average is $10.21.

Martinrea International Company Profile

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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Analyst Recommendations for Martinrea International (OTCMKTS:MRETF)

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