Martinrea International (TSE:MRE) Given New C$15.00 Price Target at TD Securities

Martinrea International (TSE:MRE) had its target price cut by analysts at TD Securities from C$17.00 to C$15.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 49.70% from the company’s current price.

Shares of MRE traded up C$0.02 during trading hours on Wednesday, hitting C$10.02. The stock had a trading volume of 119,525 shares, compared to its average volume of 212,912. The company has a debt-to-equity ratio of 87.66, a current ratio of 1.40 and a quick ratio of 0.87. The business’s 50-day moving average is C$10.59. Martinrea International has a fifty-two week low of C$9.33 and a fifty-two week high of C$15.51. The firm has a market cap of $836.57 million and a price-to-earnings ratio of 4.64.

Martinrea International Company Profile

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

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