CIBC Issues Pessimistic Forecast for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its target price cut by equities researchers at CIBC from C$17.50 to C$17.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 54.26% from the company’s current price.

MRE has been the topic of several other reports. TD Securities lowered their target price on Martinrea International from C$19.00 to C$18.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. BMO Capital Markets lowered their price target on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.33.

Martinrea International Stock Down 0.3 %

MRE opened at C$11.02 on Friday. Martinrea International has a 12 month low of C$10.05 and a 12 month high of C$14.59. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The stock has a market cap of C$824.41 million, a P/E ratio of 6.09, a P/E/G ratio of 0.82 and a beta of 2.08. The stock’s 50 day moving average price is C$11.26 and its 200 day moving average price is C$11.42.

Martinrea International Company Profile

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.