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

Martinrea International (TSE:MRE) had its target price lowered by BMO Capital Markets from C$15.00 to C$13.00 in a report published on Thursday morning,BayStreet.CA reports.

MRE has been the topic of a number of other research reports. CIBC cut their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. TD Securities cut their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Price Performance

MRE stock opened at C$9.68 on Thursday. The stock has a market capitalization of C$724.16 million, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company’s 50-day moving average is C$11.13 and its 200-day moving average is C$11.39. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International has a 1 year low of C$9.52 and a 1 year high of C$14.59.

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.