BMO Capital Markets Boosts Martinrea International (TSE:MRE) Price Target to C$11.00

Martinrea International (TSE:MRE) had its price target boosted by investment analysts at BMO Capital Markets from C$9.00 to C$11.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 7.11% from the stock’s previous close.

Several other research firms have also commented on MRE. Cibc World Mkts upgraded shares of Martinrea International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. CIBC upgraded shares of Martinrea International from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$10.50 to C$13.00 in a research report on Tuesday, August 26th. Finally, TD Securities lifted their price target on Martinrea International from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$12.50.

Martinrea International Stock Down 0.3%

Shares of MRE opened at C$10.27 on Wednesday. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a market capitalization of C$747.53 million, a price-to-earnings ratio of -12.84, a price-to-earnings-growth ratio of 0.82 and a beta of 1.96. Martinrea International has a 1 year low of C$6.12 and a 1 year high of C$11.62. The business’s 50 day simple moving average is C$10.53 and its 200-day simple moving average is C$9.26.

About Martinrea International

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.