What Next for Martinrea International Inc Stock After Today’s Huge Increase?

 What Next for Martinrea International Inc Stock After Today's Huge Increase?

The stock of Martinrea International Inc (TSE:MRE) is a huge mover today! About 158,990 shares traded hands or 9.64% up from the average. Martinrea International Inc (TSE:MRE) has declined 30.91% since April 1, 2016 and is downtrending. It has underperformed by 32.87% the S&P500.
The move comes after 9 months positive chart setup for the $626.02M company. It was reported on Nov, 7 by Barchart.com. We have $10.42 PT which if reached, will make TSE:MRE worth $262.93M more.

Martinrea International Inc (TSE:MRE) Ratings Coverage

Out of 4 analysts covering Martinrea International Inc. (TSE:MRE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $21.50 is the highest target while $13.50 is the lowest. The $17.50 average target is 138.42% above today’s ($7.34) stock price. Martinrea International Inc. has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Paradigm Research maintained Martinrea International Inc (TSE:MRE) rating on Monday, August 10. Paradigm Research has “Buy” rating and $21.50 price target. IBC maintained the shares of MRE in a report on Monday, August 10 with “Outperform” rating. The firm earned “Focus List” rating on Tuesday, December 1 by Canaccord Genuity. The stock of Martinrea International Inc (TSE:MRE) has “Buy” rating given on Monday, August 10 by Canaccord Genuity.

More important recent Martinrea International Inc (TSE:MRE) news were published by: Marketwired.com which released: “Martinrea International Inc. to Announce Third Quarter Results on November 3, 2016” on October 28, 2016, also Marketwired.com published article titled: “Martinrea International Inc. to Appoint Pat D’Eramo as President and Chief …”, Seekingalpha.com published: “Martinrea International Inc.: A Badly Beat Up Auto Parts Manufacturer With 60 …” on December 24, 2013. More interesting news about Martinrea International Inc (TSE:MRE) was released by: Marketwired.com and their article: “Martinrea International Inc. Releases First Quarter Results and Announces Dividend” with publication date: May 03, 2016.

Martinrea International Inc. is a Canada firm 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 has a market cap of $626.02 million. The Company’s divisions are North America, Europe and Rest of the World. It has a 8.4 P/E ratio. It serves various vehicle manufacturers, as well as automotive suppliers and also serves other industrial sectors across the world.

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