Martinrea International Inc. (TSE:MRE – Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as C$7.93 and last traded at C$7.97, with a volume of 89110 shares traded. The stock had previously closed at C$8.21.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. TD Securities lowered their target price on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. CIBC lowered their target price on shares of Martinrea International from C$14.75 to C$14.00 in a report on Monday, February 10th. Raymond James lowered their target price on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets downgraded shares of Martinrea International from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th.
Check Out Our Latest Research Report on Martinrea International
Martinrea International Stock Performance
Martinrea International Company Profile
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.
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