TD Securities Cuts Martinrea International (TSE:MRE) Price Target to C$13.00

Martinrea International (TSE:MRE) had its price objective trimmed by TD Securities from C$18.00 to C$13.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

Several other research firms have also recently issued reports on MRE. BMO Capital Markets lowered their price objective on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. CIBC dropped their price target on Martinrea International from C$17.50 to C$17.00 in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Martinrea International has an average rating of “Moderate Buy” and a consensus target price of C$15.75.

Martinrea International Price Performance

Shares of TSE MRE opened at C$9.68 on Wednesday. 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 firm has a fifty day moving average of C$11.13 and a 200 day moving average of C$11.39. The firm has a market cap of C$724.16 million, a PE ratio of 5.35, a PEG ratio of 0.82 and a beta of 2.08. Martinrea International has a one year low of C$9.52 and a one year high of C$14.59.

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.