Martinrea International (TSE:MRE) Price Target Cut to C$13.00 by Analysts at TD Securities

Martinrea International (TSE:MRE) had its target price dropped by investment analysts at TD Securities from C$18.00 to C$13.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 31.98% from the stock’s previous close.

Several other research firms have also recently issued reports on MRE. BMO Capital Markets lowered their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. CIBC lowered their target price on Martinrea International from C$17.50 to C$17.00 in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$16.50.

Martinrea International Trading Down 9.0 %

Shares of MRE traded down C$0.97 during mid-day trading on Wednesday, reaching C$9.85. 569,767 shares of the company’s stock traded hands, compared to its average volume of 152,743. The stock’s 50-day moving average is C$11.24 and its two-hundred day moving average is C$11.42. The stock has a market cap of C$736.88 million, a P/E ratio of 5.46, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International has a 12 month low of C$9.52 and a 12 month high of C$14.59.

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.