Robert Peter Edward Wildeboer Buys 7,000 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Robert Peter Edward Wildeboer acquired 7,000 shares of Martinrea International stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of C$10.02 per share, for a total transaction of C$70,140.00.

Martinrea International Stock Performance

Martinrea International stock opened at C$10.22 on Monday. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International Inc. has a 12 month low of C$9.52 and a 12 month high of C$14.59. The company has a market cap of C$764.56 million, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The stock’s 50-day moving average is C$11.03 and its 200-day moving average is C$11.35.

Wall Street Analysts Forecast Growth

MRE has been the subject of a number of recent analyst reports. TD Securities lowered their price objective on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. BMO Capital Markets lowered their price target on Martinrea International from C$15.00 to C$13.00 in a report on Thursday, November 14th. Finally, CIBC dropped their price objective on shares of Martinrea International from C$17.00 to C$14.50 in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

About Martinrea International

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.