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

Martinrea International (TSE:MRE) had its price target reduced by BMO Capital Markets from C$15.00 to C$13.00 in a report published on Thursday,BayStreet.CA reports.

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

Martinrea International Stock Down 1.3 %

MRE opened at C$9.68 on Thursday. The company has a market capitalization of C$724.16 million, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The firm has a 50-day simple moving average of C$11.13 and a two-hundred day simple moving average of 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 has a 52 week low of C$9.52 and a 52 week high of C$14.59.

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.