Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Peter Cirulis purchased 5,000 shares of Martinrea International stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of C$7.39 per share, with a total value of C$36,965.50.
Martinrea International Price Performance
Shares of MRE stock opened at C$7.57 on Friday. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International Inc. has a fifty-two week low of C$7.28 and a fifty-two week high of C$12.65. The business's 50 day moving average price is C$8.37 and its 200-day moving average price is C$9.77. The firm has a market cap of C$562.70 million, a P/E ratio of 5.64, a P/E/G ratio of 0.82 and a beta of 2.08.
Analyst Upgrades and Downgrades
MRE has been the topic of several analyst reports. CIBC cut shares of Martinrea International from an "outperform" rating to a "neutral" rating and cut their price target for the stock from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. BMO Capital Markets cut shares of Martinrea International from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. Raymond James cut their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. TD Securities decreased their price target on Martinrea International from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Cibc World Mkts cut Martinrea International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$12.10.
View Our Latest Analysis on MRE
About Martinrea International
(
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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.
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