BMO Capital Markets Has Lowered Expectations for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its price objective cut by BMO Capital Markets from C$15.00 to C$13.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other analysts also recently weighed in on the company. TD Securities decreased their target price on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. CIBC decreased their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Trading Down 1.3 %

Shares of TSE MRE opened at C$9.68 on Thursday. The business’s 50 day moving average price is C$11.13 and its 200-day moving average price is C$11.39. 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 quick ratio of 0.68 and a current ratio of 1.25. The company has a market cap of C$724.16 million, a price-to-earnings ratio of 5.35, a PEG ratio of 0.82 and a beta of 2.08.

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.