Martinrea International (TSE:MRE) Given New C$17.00 Price Target at CIBC

Martinrea International (TSE:MRE) had its price objective decreased by CIBC from C$17.50 to C$17.00 in a report published on Friday,BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. TD Securities cut their target price on shares of Martinrea International from C$19.00 to C$18.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. BMO Capital Markets dropped their target price on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Martinrea International has a consensus rating of “Moderate Buy” and a consensus target price of C$17.33.

Martinrea International Stock Up 0.3 %

Shares of MRE opened at C$11.05 on Friday. The firm has a market capitalization of C$826.65 million, a price-to-earnings ratio of 6.10, a PEG ratio of 0.82 and a beta of 2.08. Martinrea International has a 52 week low of C$10.05 and a 52 week high of C$14.59. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The business’s fifty day moving average price is C$11.25 and its two-hundred day moving average price is C$11.42.

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.