Francesco Barbara Buys 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 company’s stock in a transaction on Wednesday, March 26th. The stock was purchased at an average price of C$7.90 per share, with a total value of C$105,070.00.

Martinrea International Trading Down 3.9 %

TSE:MRE opened at C$7.19 on Friday. Martinrea International Inc. has a 52 week low of C$7.17 and a 52 week high of C$12.65. 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 firm’s fifty day moving average is C$8.22 and its 200-day moving average is C$9.61. The firm has a market cap 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.

Wall Street Analyst Weigh In

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