Martinrea International (TSE:MRE) Reaches New 12-Month Low After Analyst Downgrade

Shares of Martinrea International Inc. (TSE:MRE) reached a new 52-week low during mid-day trading on Wednesday after BMO Capital Markets lowered their price target on the stock from C$15.00 to C$13.00. The company traded as low as C$9.52 and last traded at C$9.69, with a volume of 312819 shares traded. The stock had previously closed at C$10.82.

Several other equities analysts have also issued reports on the company. TD Securities dropped their price target on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. CIBC dropped their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Martinrea International presently has a consensus rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Stock Performance

The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The company’s 50 day moving average price is C$11.16 and its 200-day moving average price is C$11.40. The company has a market cap of C$733.89 million, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.

About Martinrea International

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.