Frank Patrick D’eramo Buys 26,200 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Frank Patrick D’eramo acquired 26,200 shares of Martinrea International stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of C$7.69 per share, with a total value of C$201,372.26.

Martinrea International Stock Performance

TSE MRE opened at C$7.88 on Wednesday. The stock has a market cap of C$585.74 million, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. Martinrea International Inc. has a fifty-two week low of C$7.28 and a fifty-two week high of C$12.65. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32. The business has a fifty day moving average of C$8.32 and a 200-day moving average of C$9.69.

Analysts Set New Price Targets

MRE has been the subject of several analyst reports. TD Securities dropped their price target on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, March 7th. BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. Raymond James decreased their price objective on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. CIBC cut Martinrea International from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. Finally, Cibc World Mkts cut shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$12.10.

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.