The stock of Martinrea International Inc (TSE:MRE) is a huge mover today! About 147,829 shares traded hands. Martinrea International Inc (TSE:MRE) has declined 25.18% since April 5, 2016 and is downtrending. It has underperformed by 29.96% the S&P500.
The move comes after 7 months negative chart setup for the $604.56M company. It was reported on Nov, 9 by Barchart.com. We have $6.47 PT which if reached, will make TSE:MRE worth $42.32 million less.
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 151.44% above today’s ($6.96) stock price. Martinrea International Inc. has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Paradigm Research maintained the stock with “Buy” rating in Monday, August 10 report. Canaccord Genuity maintained the stock with “Buy” rating in Monday, August 10 report. The stock has “Outperform” rating given by IBC on Monday, August 10. The company was upgraded on Tuesday, December 1 by Canaccord Genuity.
More 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 the news titled: “Martinrea International Inc. to Appoint Pat D’Eramo as President and Chief …” on October 20, 2014. Seekingalpha.com‘s news article titled: “Martinrea International Inc.: A Badly Beat Up Auto Parts Manufacturer With 60 …” with publication date: December 24, 2013 was also an interesting one.
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 $604.56 million. The Company’s divisions are North America, Europe and Rest of the World. It has a 6.74 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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