Martinrea International Inc (TSE:MRE) insider Amurrio Juan Jose Nardiz purchased 12,850 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of C$15.29 per share, for a total transaction of C$196,476.50.
Martinrea International Inc (MRE) traded up C$0.07 during mid-day trading on Friday, reaching C$15.58. 207,700 shares of the company’s stock were exchanged, compared to its average volume of 245,974. Martinrea International Inc has a 12 month low of C$7.97 and a 12 month high of C$16.79. The stock has a market cap of $1,350.00, a P/E ratio of 8.51 and a beta of 1.15.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a $0.03 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.77%. Martinrea International’s payout ratio is 6.56%.
Several research analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of Martinrea International from C$15.00 to C$17.00 in a report on Thursday, November 16th. BMO Capital Markets raised their target price on shares of Martinrea International from C$14.00 to C$14.50 in a report on Thursday, November 16th. CIBC raised their target price on shares of Martinrea International from C$11.50 to C$15.00 in a report on Thursday, November 16th. Royal Bank of Canada raised their price objective on shares of Martinrea International from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Finally, Scotiabank raised their price objective on shares of Martinrea International from C$15.50 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 16th.
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About Martinrea International
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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