What’s Ahead for Magna International Inc. After Today’s Huge Increase?

 What's Ahead for Magna International Inc. After Today's Huge Increase?

The stock of Magna International Inc. (TSE:MG) is a huge mover today! About 153,315 shares traded hands. Magna International Inc. (TSE:MG) has risen 0.93% since April 7, 2016 and is uptrending. It has underperformed by 5.22% the S&P500.
The move comes after 5 months positive chart setup for the $20.73 billion company. It was reported on Nov, 11 by Barchart.com. We have $75.00 PT which if reached, will make TSE:MG worth $8.91 billion more.

Another recent and important Magna International Inc. (TSE:MG) news was published by Forbes.com which published an article titled: “Magna International is Now Oversold (MGA)” on November 09, 2016.

Magna International Inc. is an automotive supplier. The company has a market cap of $20.73 billion. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. It has a 7.62 P/E ratio. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

MG.TO Company Profile

Magna International Inc. (Magna), incorporated on November 16, 1961, is an automotive supplier. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Firm has over 290 manufacturing activities and over 80 product development, engineering and sales centers in approximately 30 countries.

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