Martinrea International (TSE:MRE) Lowered to “Market Perform” Rating by BMO Capital Markets

Martinrea International (TSE:MRE) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Monday,BayStreet.CA reports. They presently have a C$11.00 target price on the stock, down from their prior target price of C$13.00. BMO Capital Markets’ price target would suggest a potential upside of 18.92% from the company’s current price.

MRE has been the subject of several other reports. TD Securities lowered their target price on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. CIBC lowered their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$14.20.

Martinrea International Trading Down 4.8 %

MRE traded down C$0.47 on Monday, reaching C$9.25. 236,426 shares of the company’s stock were exchanged, compared to its average volume of 162,764. Martinrea International has a twelve month low of C$9.19 and a twelve month high of C$14.59. The company has a market cap of C$691.99 million, a price-to-earnings ratio of 5.09, a PEG ratio of 0.82 and a beta of 2.08. 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 company’s 50 day moving average is C$10.64 and its 200-day moving average is C$11.15.

Insider Buying and Selling at Martinrea International

In related news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of Martinrea International stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of C$10.02 per share, with a total value of C$70,140.00. Corporate insiders own 11.31% of the company’s stock.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.