Martinrea International Inc (MRE) Insider David Rashid Buys 9,000 Shares

Martinrea International Inc (TSE:MRE) insider David Rashid acquired 9,000 shares of the stock in a transaction on Friday, March 31st. The shares were purchased at an average price of C$10.32 per share, with a total value of C$92,880.00.

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

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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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