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

Martinrea International (TSE:MRE) had its price objective lowered by BMO Capital Markets from C$15.00 to C$13.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on MRE. TD Securities lowered their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday. CIBC lowered their price objective 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Price Performance

TSE MRE traded down C$0.13 on Thursday, hitting C$9.68. The stock had a trading volume of 210,605 shares, compared to its average volume of 154,996. Martinrea International has a 52-week low of C$9.52 and a 52-week high of C$14.59. 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 has a market capitalization of C$724.16 million, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The firm has a 50-day moving average of C$11.16 and a 200-day moving average of C$11.40.

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.