Martinrea International (TSE:MRE) Downgraded to “Market Perform” Rating by BMO Capital Markets

BMO Capital Markets downgraded shares of Martinrea International (TSE:MRE) from an outperform rating to a market perform rating in a report released on Monday morning, Marketbeat.com reports. They currently have C$11.00 price objective on the stock, down from their previous price objective of C$13.00.

A number of other equities research analysts have also weighed in on MRE. CIBC decreased their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a report on Thursday, November 14th. TD Securities decreased their price target on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Martinrea International presently has a consensus rating of “Moderate Buy” and an average price target of C$14.20.

Martinrea International Trading Down 2.9 %

Shares of TSE MRE opened at C$8.84 on Monday. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The business’s 50 day moving average price is C$10.55 and its 200-day moving average price is C$11.11. Martinrea International has a fifty-two week low of C$8.81 and a fifty-two week high of C$14.59. The company has a market cap of C$661.32 million, a price-to-earnings ratio of 4.88, a PEG ratio of 0.82 and a beta of 2.08.

Insider Buying and Selling

In other news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of C$10.02 per share, with a total value of C$70,140.00. 11.31% of the stock is currently owned by insiders.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.