Shares of Martinrea International Inc. (OTCMKTS:MRETF) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.70.
Several research analysts have weighed in on the stock. Raymond James downgraded shares of Martinrea International from a “strong-buy” rating to an “outperform” rating in a research report on Friday, March 5th. TD Securities decreased their price target on shares of Martinrea International from $18.50 to $18.00 and set a “hold” rating on the stock in a research report on Friday, April 30th. BMO Capital Markets increased their price target on shares of Martinrea International from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, March 5th. Finally, Scotiabank decreased their price target on shares of Martinrea International from $19.50 to $18.50 and set a “sector perform” rating on the stock in a research report on Friday, March 5th.
MRETF opened at $11.30 on Tuesday. Martinrea International has a 1-year low of $6.77 and a 1-year high of $13.21. The stock has a 50 day simple moving average of $10.95.
Martinrea International Inc designs, develops, 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. It offers engine blocks, transmissions, cases, housings, ladder frames, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.
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