Martinrea International (TSE:MRE) had its price objective increased by analysts at CIBC from C$17.00 to C$20.00 in a research report issued on Thursday. CIBC’s price target suggests a potential upside of 42.25% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. TD Securities lowered their target price on shares of Martinrea International from C$20.00 to C$18.50 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. Royal Bank of Canada upped their target price on shares of Martinrea International from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, August 10th.

TSE MRE traded up C$0.04 on Thursday, reaching C$14.06. The company’s stock had a trading volume of 179,781 shares, compared to its average volume of 202,040. Martinrea International has a 52 week low of C$10.95 and a 52 week high of C$17.50.

Martinrea International (TSE:MRE) last posted its earnings results on Wednesday, August 8th. The company reported C$0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.63 by C$0.01. The business had revenue of C$921.71 million for the quarter, compared to analysts’ expectations of C$947.75 million. Martinrea International had a net margin of 3.68% and a return on equity of 13.91%.

In other news, Director Frank Patrick D’eramo acquired 4,450 shares of the firm’s stock in a transaction on Wednesday, June 27th. The shares were purchased at an average cost of C$11.30 per share, with a total value of C$50,285.00.

Martinrea International Company Profile

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

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