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

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

Martinrea International Trading Down 2.1 %

Shares of MRE opened at C$7.41 on Friday. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market cap of C$550.81 million, a price-to-earnings ratio of 5.52, a PEG ratio of 0.82 and a beta of 2.08. The stock has a fifty day moving average price of C$8.35 and a two-hundred day moving average price of C$9.75. Martinrea International Inc. has a 52-week low of C$7.28 and a 52-week high of C$12.65.

Analysts Set New Price Targets

MRE has been the topic of a number of recent research reports. TD Securities decreased their price objective on Martinrea International from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. CIBC lowered Martinrea International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. BMO Capital Markets lowered Martinrea International from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$13.00 to C$11.00 in a research note on Monday, December 16th. Cibc World Mkts downgraded shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Raymond James dropped their target price on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Martinrea International currently has a consensus rating of “Hold” and a consensus price target of C$12.10.

Martinrea International Company Profile

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.