Martinrea International (TSE:MRE) Given New C$13.00 Price Target at TD Securities

Martinrea International (TSE:MRE) had its target price reduced by TD Securities from C$18.00 to C$13.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other research analysts have also commented on MRE. CIBC cut their price target on shares of Martinrea International from C$17.50 to C$17.00 in a report on Friday, November 8th. BMO Capital Markets cut their target price on shares of Martinrea International from C$17.00 to C$15.00 in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.50.

Martinrea International Stock Performance

Shares of TSE:MRE opened at C$9.65 on Wednesday. The firm has a market capitalization of C$721.92 million, a PE ratio of 5.33, a P/E/G ratio of 0.82 and a beta of 2.08. Martinrea International has a 12 month low of C$9.52 and a 12 month high of C$14.59. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The business has a 50-day moving average of C$11.20 and a two-hundred day moving average of C$11.41.

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.