Martinrea International Inc (MRE) Director Frank Patrick D’eramo Buys 11,900 Shares

Martinrea International Inc (TSE:MRE) Director Frank Patrick D’eramo purchased 11,900 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was acquired at an average price of C$7.58 per share, with a total value of C$90,202.00.

Frank Patrick D’eramo also recently made the following trade(s):

  • On Tuesday, March 7th, Frank Patrick D’eramo acquired 2,600 shares of Martinrea International stock. The shares were purchased at an average price of C$7.07 per share, with a total value of C$18,382.00.

Shares of Martinrea International Inc (TSE:MRE) traded up 3.26% during mid-day trading on Thursday, hitting $9.83. 259,026 shares of the company traded hands. The firm’s 50 day moving average price is $9.61 and its 200-day moving average price is $8.55. The stock has a market capitalization of $850.14 million and a PE ratio of 9.20. Martinrea International Inc has a 1-year low of $6.70 and a 1-year high of $10.37.

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Several research analysts have commented on MRE shares. Royal Bank of Canada restated an “outperform” rating and set a C$14.00 price objective on shares of Martinrea International in a research report on Thursday, January 12th. TD Securities reiterated a “buy” rating and set a C$12.00 price target on shares of Martinrea International in a report on Wednesday, March 29th. BMO Capital Markets upped their price target on shares of Martinrea International from C$8.50 to C$9.50 in a report on Monday, March 6th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$13.50 price target on shares of Martinrea International in a report on Monday, March 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$12.00.

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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