Martinrea International Inc (MRE) Insider Hany Morsy Buys 2,800 Shares of Stock

Martinrea International Inc (TSE:MRE) insider Hany Morsy purchased 2,800 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were bought at an average price of C$10.00 per share, for a total transaction of C$28,000.00.

Shares of Martinrea International Inc (TSE:MRE) traded up 0.71% during midday trading on Monday, hitting $9.89. The stock had a trading volume of 125,330 shares. The stock’s 50 day moving average price is $8.92 and its 200 day moving average price is $8.32. The firm has a market cap of $855.33 million and a price-to-earnings ratio of 9.25. Martinrea International Inc has a 12 month low of $6.70 and a 12 month high of $10.75.

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Several equities research analysts have recently weighed in on MRE shares. CIBC decreased their price target on Martinrea International from C$10.00 to C$9.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 20th. Royal Bank of Canada reiterated an “outperform” rating and set a C$14.00 price target on shares of Martinrea International in a research report on Thursday, January 12th. Scotiabank reiterated a “sector perform” rating and set a C$13.50 price target on shares of Martinrea International in a research report on Monday, March 6th. Finally, BMO Capital Markets upped their price target on Martinrea International from C$8.50 to C$9.50 in a research report on Monday, March 6th.

Martinrea International Company Profile

Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.

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