Martinrea International Inc (MRE) Insider Purchases C$48,990.00 in Stock
Martinrea International Inc (TSE:MRE) insider Kerri Lynn Pope purchased 4,600 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of C$10.65 per share, with a total value of C$48,990.00.
Martinrea International Inc (TSE MRE) traded up 0.74% during trading on Monday, reaching $10.84. The company’s stock had a trading volume of 229,152 shares. The company has a market capitalization of $937.79 million and a P/E ratio of 9.11. The firm’s 50-day moving average price is $10.47 and its 200 day moving average price is $10.07. Martinrea International Inc has a 12-month low of $6.70 and a 12-month high of $12.02.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 30th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 28th.
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A number of brokerages recently commented on MRE. Royal Bank Of Canada raised their price target on Martinrea International from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Scotiabank raised their price target on Martinrea International from C$15.00 to C$15.50 and gave the stock a “sector perform” rating in a research note on Wednesday, August 9th. BMO Capital Markets raised Martinrea International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$11.00 to C$14.00 in a research note on Wednesday, August 9th. CIBC decreased their price objective on Martinrea International from C$11.50 to C$9.00 in a report on Tuesday, May 2nd. Finally, TD Securities reiterated a “buy” rating and issued a C$12.00 price objective on shares of Martinrea International in a report on Friday, April 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$13.50.
Martinrea International Company Profile
Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.
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