Francesco Barbara Acquires 13,300 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Francesco Barbara bought 13,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of C$7.90 per share, with a total value of C$105,070.00.

Martinrea International Stock Performance

Shares of MRE stock opened at C$7.19 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. Martinrea International Inc. has a 12-month low of C$7.17 and a 12-month high of C$12.65. The business’s 50 day moving average is C$8.22 and its two-hundred day moving average is C$9.63. The company has a market capitalization of C$534.45 million, a P/E ratio of 5.36, a P/E/G ratio of 0.82 and a beta of 2.08.

Analyst Ratings Changes

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