Martinrea International (TSE:MRE) Price Target Lowered to C$13.00 at BMO Capital Markets

Martinrea International (TSE:MRE) had its price objective trimmed by BMO Capital Markets from C$15.00 to C$13.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other brokerages also recently issued reports on MRE. CIBC reduced their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. TD Securities reduced their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Stock Down 1.3 %

MRE stock traded down C$0.13 during trading on Thursday, reaching C$9.68. The stock had a trading volume of 210,605 shares, compared to its average volume of 154,996. Martinrea International has a one year low of C$9.52 and a one year high of C$14.59. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. The company’s 50 day moving average is C$11.16 and its two-hundred day moving average is C$11.40. The company has a market capitalization of C$724.16 million, a price-to-earnings ratio of 5.42, a P/E/G ratio of 0.82 and a beta of 2.08.

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.