CIBC Increases Martinrea International (TSE:MRE) Price Target to C$16.00

Martinrea International (TSE:MRE – Get Rating) had its target price boosted by equities research analysts at CIBC from C$15.00 to C$16.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 6.38% from the company’s current price.

MRE has been the subject of a number of other reports. BMO Capital Markets raised shares of Martinrea International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$12.00 to C$15.00 in a research note on Wednesday, February 1st. Cormark increased their price objective on shares of Martinrea International from C$16.50 to C$19.00 in a research note on Friday. Scotiabank increased their price objective on shares of Martinrea International from C$13.00 to C$16.00 in a research note on Wednesday, December 7th. Finally, TD Securities increased their price objective on shares of Martinrea International from C$15.00 to C$16.00 and gave the stock an “action list buy” rating in a research note on Wednesday, January 25th.

Martinrea International Price Performance

Shares of TSE MRE opened at C$15.04 on Friday. The firm has a market cap of C$1.21 billion, a PE ratio of 14.75, a PEG ratio of 0.82 and a beta of 2.13. The company has a current ratio of 1.17, a quick ratio of 0.68 and a debt-to-equity ratio of 97.57. Martinrea International has a 1-year low of C$7.43 and a 1-year high of C$15.37. The company has a fifty day moving average price of C$12.65 and a 200 day moving average price of C$11.18.

Insider Buying and Selling

In other news, Director Robert Peter Edward Wildeboer bought 8,500 shares of the stock in a transaction that occurred on Wednesday, December 7th. The stock was acquired at an average price of C$11.87 per share, with a total value of C$100,895.00. Following the completion of the purchase, the director now directly owns 548,500 shares of the company’s stock, valued at C$6,510,695. 13.53% of the stock is owned by insiders.

Martinrea International Company Profile

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Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.