Martinrea International Inc (MRE) Set to Announce Earnings on Tuesday
Martinrea International Inc (TSE:MRE) will post its quarterly earnings results after the market closes on Tuesday, November 14th. Analysts expect Martinrea International to post earnings of C$0.41 per share for the quarter.
Shares of Martinrea International Inc (TSE:MRE) opened at C$13.00 on Tuesday.
In other Martinrea International news, insider Kerri Lynn Pope purchased 4,600 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of C$10.65 per share, with a total value of C$48,990.00.
A number of equities research analysts have recently issued reports on the company. Scotiabank boosted their target price on Martinrea International from C$15.00 to C$15.50 and gave the stock a “sector perform” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada boosted their target price on Martinrea International from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, BMO Capital Markets raised Martinrea International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$11.00 to C$14.00 in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$13.50.
Martinrea International Company Profile
Martinrea International Inc is a Canada-based company 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’s segments are North America, Europe and Rest of the World.
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