TD Securities Has Lowered Expectations for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its price target trimmed by TD Securities from C$18.00 to C$13.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. CIBC dropped their price target on shares of Martinrea International from C$17.50 to C$17.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Martinrea International has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Martinrea International Price Performance

MRE stock opened at C$9.68 on Wednesday. The business’s fifty day moving average price is C$11.13 and its 200 day moving average price is C$11.39. Martinrea International has a 12-month low of C$9.52 and a 12-month high of C$14.59. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. The company has a market capitalization of C$724.16 million, a PE ratio of 5.35, a P/E/G ratio of 0.82 and a beta of 2.08.

About Martinrea International

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.