Martinrea International (OTCMKTS:MRETF) had its price objective raised by Scotiabank from C$16.00 to C$17.50 in a report issued on Friday morning, The Fly reports.
A number of other research firms have also commented on MRETF. CIBC cut their price target on Martinrea International from C$19.00 to C$16.00 and set an outperform rating for the company in a report on Friday, November 5th. BMO Capital Markets reduced their price target on shares of Martinrea International from C$13.00 to C$12.00 and set a market perform rating on the stock in a research report on Monday, November 8th. Raymond James cut their target price on shares of Martinrea International from C$17.00 to C$15.00 and set an outperform rating on the stock in a report on Monday, November 8th. Finally, TD Securities dropped their price target on Martinrea International from C$16.00 to C$15.50 and set a buy rating for the company in a research note on Friday, November 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $15.20.
Shares of Martinrea International stock opened at $9.16 on Friday. The business has a 50 day moving average price of $8.66 and a 200-day moving average price of $9.28. Martinrea International has a 52 week low of $7.54 and a 52 week high of $12.23.
Martinrea International, Inc is a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems.. The firm operates through the following geographical segments: North America, Europe, and Rest of the World.
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