Martinrea International Inc. (TSE:MRE) Senior Officer Purchases C$36,965.50 in Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of C$7.39 per share, for a total transaction of C$36,965.50.

Martinrea International Trading Down 2.1 %

Shares of MRE stock opened at C$7.41 on Friday. The company has a 50 day moving average of C$8.35 and a 200-day moving average of C$9.76. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32. Martinrea International Inc. has a 12-month low of C$7.28 and a 12-month high of C$12.65. The firm has a market cap of C$550.81 million, a P/E ratio of 5.52, a PEG ratio of 0.82 and a beta of 2.08.

Analyst Ratings Changes

MRE has been the subject of several analyst reports. BMO Capital Markets lowered shares of Martinrea International from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$13.00 to C$11.00 in a research note on Monday, December 16th. Cibc World Mkts lowered shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. CIBC lowered shares of Martinrea International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. Raymond James decreased 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. Finally, TD Securities decreased 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.