Martinrea International Inc. (MRE) Given Outperform Rating at Macquarie

Martinrea International Inc. (TSE:MRE)‘s stock had its “outperform” rating reissued by equities research analysts at Macquarie in a research report issued on Wednesday.

Other research analysts have also recently issued reports about the company. CIBC dropped their price target on Martinrea International from C$14.00 to C$11.00 in a research note on Wednesday, August 3rd. Royal Bank Of Canada dropped their price target on Martinrea International from C$17.00 to C$15.00 in a research note on Thursday, June 30th. Finally, Scotiabank restated a “sector perform” rating and issued a C$13.50 price objective on shares of Martinrea International in a report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$14.10.

Analyst Recommendations for Martinrea International (TSE:MRE)

Martinrea International (TSE:MRE) traded up 1.59% on Wednesday, reaching $8.31. The company’s stock had a trading volume of 54,231 shares. The stock’s 50 day moving average price is $8.42 and its 200 day moving average price is $8.92. Martinrea International has a 12 month low of $7.54 and a 12 month high of $12.24. The company has a market cap of $717.85 million and a P/E ratio of 9.48.

Martinrea International Company Profile

Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.

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