Martinrea International (TSE:MRE) PT Lowered to C$15.00

Martinrea International (TSE:MRE) had its price objective lowered by BMO Capital Markets from C$17.00 to C$15.00 in a research report released on Wednesday morning, BayStreet.CA reports.

MRE has been the topic of a number of other research reports. Scotiabank dropped their price objective on Martinrea International from C$15.00 to C$14.50 in a report on Friday, May 3rd. CIBC dropped their price objective on Martinrea International from C$18.00 to C$17.50 and set an outperform rating on the stock in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$17.79.

Martinrea International Trading Down 0.1 %

MRE opened at C$10.53 on Wednesday. Martinrea International has a one year low of C$10.05 and a one year high of C$14.59. The company has a market cap of C$808.07 million, a P/E ratio of 5.57, a PEG 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. The business’s 50-day simple moving average is C$11.49 and its 200-day simple moving average is C$12.08.

Martinrea International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.90%. Martinrea International’s dividend payout ratio is presently 10.58%.

Insider Buying and Selling

In other news, Senior Officer Peter Cirulis purchased 6,141 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average price of C$8.56 per share, for a total transaction of C$52,566.96. Insiders have bought 12,365 shares of company stock worth $116,269 in the last quarter. 15.39% of the stock is owned by insiders.

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.