Martinrea International (OTCMKTS:MRETF) had its price objective reduced by BMO Capital Markets from $11.50 to $11.00 in a research report report published on Friday, The Fly reports.
A number of other research analysts have also recently commented on the stock. TD Securities raised their price target on shares of Martinrea International from $8.00 to $9.00 and gave the stock a hold rating in a research note on Monday, April 27th. Raymond James restated a buy rating and set a $16.00 price target on shares of Martinrea International in a research note on Wednesday, June 10th. CIBC cut their price target on shares of Martinrea International from $17.00 to $13.50 and set an outperform rating for the company in a research note on Monday, March 30th. Finally, Royal Bank of Canada cut their price target on shares of Martinrea International from $16.00 to $15.00 and set an outperform rating for the company in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $12.90.
MRETF stock opened at $7.71 on Friday. Martinrea International has a twelve month low of $3.98 and a twelve month high of $11.19. The business’s 50-day simple moving average is $7.19 and its 200 day simple moving average is $7.96.
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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