Martinrea International Inc. (TSE:MRE – Get Free Report)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$7.34 and last traded at C$7.35, with a volume of 71059 shares trading hands. The stock had previously closed at C$7.49.
Wall Street Analyst Weigh In
MRE has been the subject of a number of recent research reports. Raymond James reduced their price objective on shares of 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 downgraded shares of Martinrea International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. BMO Capital Markets downgraded shares of Martinrea International from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$13.00 to C$11.00 in a research note on Monday, December 16th. Cibc World Mkts downgraded shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, TD Securities reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Martinrea International currently has a consensus rating of “Hold” and an average target price of C$12.10.
Check Out Our Latest Report on Martinrea International
Martinrea International Stock Up 1.2 %
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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