Martinrea International (TSE:MRE) Price Target Cut to C$14.50 by Analysts at CIBC

Martinrea International (TSE:MRE) had its price objective decreased by CIBC from C$17.00 to C$14.50 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 46.02% from the stock’s current price.

MRE has been the subject of several other research reports. BMO Capital Markets cut their price objective on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. TD Securities lowered their price target on Martinrea International from C$18.00 to C$13.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Stock Performance

Shares of MRE stock traded up C$0.28 during mid-day trading on Thursday, hitting C$9.93. The stock had a trading volume of 196,861 shares, compared to its average volume of 153,991. Martinrea International has a fifty-two week low of C$9.52 and a fifty-two week 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 company’s 50-day simple moving average is C$11.20 and its 200-day simple moving average is C$11.41. The firm has a market cap of C$742.86 million, a PE ratio of 5.50, a PEG 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.