Magna International Inc. (MG) Stock Rating Reaffirmed by Macquarie

Macquarie reaffirmed their outperform rating on shares of Magna International Inc. (TSE:MG) in a research note published on Wednesday.

MG has been the subject of several other reports. TD Securities reduced their price target on Magna International from C$51.00 to C$46.00 and set a buy rating for the company in a report on Monday, July 11th. CIBC boosted their target price on Magna International from C$45.00 to C$47.00 and gave the stock a sector perform rating in a report on Monday, August 8th.

Magna International (TSE:MG) opened at 56.23 on Wednesday. The company’s 50-day moving average price is $53.11 and its 200 day moving average price is $51.95. Magna International has a 52 week low of $42.09 and a 52 week high of $71.10. The company has a market capitalization of $21.88 billion and a PE ratio of 10.75.

Magna International Company Profile

Magna International Inc (Magna) is an automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. Its product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

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