BMO Capital Markets Cuts Martinrea International (TSE:MRE) Price Target to C$13.00

Martinrea International (TSE:MRE) had its price objective reduced by stock analysts at BMO Capital Markets from C$15.00 to C$13.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 34.30% from the stock’s previous close.

Several other research firms have also weighed in on MRE. TD Securities dropped their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. CIBC cut their price objective on Martinrea International from C$17.00 to C$14.50 in a 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, the company has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Trading Down 1.3 %

Shares of TSE MRE opened at C$9.68 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. Martinrea International has a one year low of C$9.52 and a one year high of C$14.59. The business has a 50-day moving average price of C$11.13 and a two-hundred day moving average price of C$11.39. The firm has a market capitalization of C$724.16 million, a PE ratio of 5.35, a PEG ratio of 0.82 and a beta of 2.08.

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.