CIBC Cuts Martinrea International (TSE:MRE) Price Target to C$14.50

Martinrea International (TSE:MRE) had its price objective reduced by CIBC from C$17.00 to C$14.50 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other research analysts have also weighed in on MRE. TD Securities lowered their price target on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. BMO Capital Markets lowered their price target on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of C$15.75.

Martinrea International Stock Down 1.3 %

TSE:MRE opened at C$9.68 on Thursday. The firm has a market capitalization of C$724.16 million, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. Martinrea International has a twelve month low of C$9.52 and a twelve month high of C$14.59. The stock’s 50 day moving average price is C$11.13 and its two-hundred day moving average price is C$11.39. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13.

Martinrea International Company Profile

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.