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

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

Martinrea International Stock Up 3.2 %

MRE opened at C$7.65 on Tuesday. The business’s fifty day simple moving average is C$8.33 and its 200 day simple moving average is C$9.71. Martinrea International Inc. has a 52 week low of C$7.28 and a 52 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 stock has a market cap of C$568.65 million, a PE ratio of 5.70, a P/E/G ratio of 0.82 and a beta of 2.08.

Analyst Upgrades and Downgrades

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

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.