MG has been the topic of a number of other research reports. TD Securities cut their price objective on shares of Magna International from C$51.00 to C$46.00 and set a buy rating on the stock in a report on Monday, July 11th. CIBC raised their price objective on shares of 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.
Shares of Magna International (TSE:MG) opened at 56.32 on Wednesday. The stock has a market capitalization of $21.91 billion and a P/E ratio of 10.76. Magna International has a one year low of $42.09 and a one year high of $71.10. The company’s 50-day moving average is $53.01 and its 200-day moving average is $52.00.
About Magna International
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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