Martinrea International Inc Increases Again; Strong Momentum for Buyers

 Martinrea International Inc Increases Again; Strong Momentum for Buyers

The stock of Martinrea International Inc (TSE:MRE) is a huge mover today! About 25,881 shares traded hands. Martinrea International Inc (TSE:MRE) has declined 23.94% since April 22, 2016 and is downtrending. It has underperformed by 29.95% the S&P500.
The move comes after 9 months positive chart setup for the $656.47 million company. It was reported on Nov, 28 by Barchart.com. We have $8.36 PT which if reached, will make TSE:MRE worth $59.08 million 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 128.16% above today’s ($7.67) stock price. Martinrea International Inc. has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity on Monday, August 10 with “Buy”. The firm earned “Focus List” rating on Tuesday, December 1 by Canaccord Genuity. The company was maintained on Monday, August 10 by IBC. The stock of Martinrea International Inc (TSE:MRE) earned “Buy” rating by Paradigm Research on Monday, August 10.

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. Releases First Quarter Results and Announces Dividend”, Crainsdetroit.com published: “Martinrea Hot Stampings in Detroit to lay off 68 workers” on July 05, 2016. More interesting news about Martinrea International Inc (TSE:MRE) was released by: Marketwired.com and their article: “Martinrea International Inc. to Appoint Pat D’Eramo as President and Chief …” with publication date: October 20, 2014.

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 $656.47 million. The Company’s divisions are North America, Europe and Rest of the World. It has a 7.43 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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