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

BMO Capital Markets cut shares of Martinrea International (TSE:MRE) from an outperform rating to a market perform rating in a report issued on Monday,BayStreet.CA reports. The brokerage currently has C$11.00 target price on the stock, down from their prior target price of C$13.00.

Several other brokerages have also commented on MRE. TD Securities dropped their price objective on Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. CIBC dropped their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.20.

Martinrea International Stock Down 5.3 %

MRE opened at C$9.20 on Monday. The company has a fifty day moving average of C$10.60 and a two-hundred day moving average of C$11.13. The stock has a market capitalization of C$688.25 million, a price-to-earnings ratio of 5.08, a PEG ratio of 0.82 and a beta of 2.08. Martinrea International has a fifty-two week low of C$9.19 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.

Insider Buying and Selling at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. 11.31% of the stock is owned by company 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.