CIBC Lowers Martinrea International (TSE:MRE) Price Target to C$14.50

Martinrea International (TSE:MRE) had its target price decreased by CIBC from C$17.00 to C$14.50 in a report published on Thursday morning,BayStreet.CA reports.

MRE has been the subject of a number of other research reports. TD Securities dropped their price target on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. BMO Capital Markets cut their price target on shares of Martinrea International from C$17.00 to C$15.00 in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Trading Down 1.3 %

Martinrea International stock opened at C$9.68 on Thursday. The stock has a market cap of C$724.16 million, a P/E ratio of 5.35, a PEG ratio of 0.82 and a beta of 2.08. Martinrea International has a fifty-two week low of C$9.52 and a fifty-two week high of C$14.59. The firm’s fifty day moving average price is C$11.13 and its 200-day moving average price is C$11.39. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25.

Martinrea International Company Profile

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.