Other equities analysts have also issued reports about the company. Royal Bank Of Canada increased their price target on Martinrea International from C$18.00 to C$19.00 and gave the company an outperform rating in a research report on Wednesday, June 1st. CIBC lowered their price target on Martinrea International from C$14.00 to C$11.00 in a research report on Wednesday, August 3rd. Finally, Scotiabank reissued a sector perform rating and issued a C$13.50 price target on shares of Martinrea International in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Martinrea International presently has a consensus rating of Buy and a consensus target price of C$14.10.
Shares of Martinrea International (TSE:MRE) opened at 8.15 on Wednesday. The stock’s 50 day moving average price is $8.38 and its 200-day moving average price is $8.90. The firm has a market cap of $704.03 million and a P/E ratio of 9.29. Martinrea International has a 12-month low of $7.54 and a 12-month high of $12.24.
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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