Insider Buying: Martinrea International Inc. (TSE:MRE) Director Buys 7,000 Shares of Stock

Martinrea International Inc. (TSE:MRE) Director Robert Peter Edward Wildeboer bought 7,000 shares of Martinrea International stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of C$10.02 per share, with a total value of C$70,140.00.

Martinrea International Trading Up 2.6 %

Shares of TSE:MRE opened at C$10.22 on Monday. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The stock has a market capitalization of C$764.56 million, a price-to-earnings ratio of 5.65, a PEG ratio of 0.82 and a beta of 2.08. Martinrea International Inc. has a 1-year low of C$9.52 and a 1-year high of C$14.59. The company has a 50 day moving average price of C$11.03 and a 200 day moving average price of C$11.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Securities cut their price target on Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. BMO Capital Markets cut their price objective on shares of Martinrea International from C$15.00 to C$13.00 in a research note on Thursday, November 14th. Finally, CIBC decreased their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.75.

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.