CIBC Cuts Martinrea International (TSE:MRE) Price Target to C$14.50

Martinrea International (TSE:MRE) had its price objective decreased by CIBC from C$17.00 to C$14.50 in a research report released on Thursday,BayStreet.CA reports.

Several other research firms also recently weighed in on MRE. TD Securities cut their price target on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. BMO Capital Markets cut their target price on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Stock Down 1.3 %

Martinrea International stock opened at C$9.68 on Thursday. The firm has a 50 day moving average price of C$11.13 and a 200-day moving average price of C$11.39. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. Martinrea International has a twelve month low of C$9.52 and a twelve month high of C$14.59. The company has a market capitalization of C$724.16 million, a P/E ratio of 5.35, a P/E/G 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.