Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis Acquires 5,000 Shares of Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of C$7.39 per share, for a total transaction of C$36,965.50.

Martinrea International Trading Up 1.9 %

Shares of TSE MRE opened at C$7.57 on Friday. The firm has a market capitalization of C$562.70 million, a PE ratio of 5.64, a PEG ratio of 0.82 and a beta of 2.08. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. The business has a 50-day moving average price of C$8.37 and a two-hundred day moving average price of C$9.77. Martinrea International Inc. has a one year low of C$7.28 and a one year high of C$12.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MRE shares. Raymond James dropped their price objective on 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. Cibc World Mkts cut shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. CIBC cut shares of Martinrea International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. TD Securities dropped their price objective on Martinrea International from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, BMO Capital Markets lowered Martinrea International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$13.00 to C$11.00 in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Martinrea International currently has an average rating of “Hold” and an average target price of C$12.10.

About Martinrea International

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.