Terrence Lyons Buys 1,500 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Terrence Lyons purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of C$10.77 per share, with a total value of C$16,155.00.

Martinrea International Stock Up 2.5 %

TSE MRE traded up C$0.26 on Thursday, reaching C$10.80. The company had a trading volume of 62,129 shares, compared to its average volume of 168,025. The firm has a market capitalization of C$828.79 million, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 0.82 and a beta of 2.23. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International Inc. has a 1-year low of C$10.05 and a 1-year high of C$14.59. The company’s fifty day moving average is C$11.39 and its 200-day moving average is C$12.01.

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Monday, September 30th. Martinrea International’s payout ratio is presently 10.58%.

Analysts Set New Price Targets

MRE has been the subject of several research analyst reports. BMO Capital Markets decreased their price target on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. Scotiabank decreased their price target on shares of Martinrea International from C$15.00 to C$14.50 in a report on Friday, May 3rd. Finally, CIBC decreased their price target on shares of Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$17.79.

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.