Martinrea International Inc (MRE) Insider Acquires C$21,758.00 in Stock

Martinrea International Inc (TSE:MRE) insider Rocco Marinaccio purchased 2,200 shares of the company’s stock in a transaction on Monday, March 20th. The shares were purchased at an average cost of C$9.89 per share, with a total value of C$21,758.00.

Martinrea International Inc (TSE:MRE) traded up 0.71% during midday trading on Monday, hitting $9.89. 125,330 shares of the stock traded hands. The firm’s 50-day moving average is $8.92 and its 200-day moving average is $8.32. The company has a market cap of $855.33 million and a price-to-earnings ratio of 9.25. Martinrea International Inc has a 52-week low of $6.70 and a 52-week high of $10.75.

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MRE has been the subject of several research analyst reports. CIBC dropped their target price on shares of Martinrea International from C$10.00 to C$9.00 and set a “neutral” rating for the company in a research report on Tuesday, December 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$14.00 target price on shares of Martinrea International in a research report on Thursday, January 12th. BMO Capital Markets raised their target price on shares of Martinrea International from C$8.50 to C$9.50 in a research report on Monday, March 6th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$13.50 target price on shares of Martinrea International in a research report on Monday, March 6th.

Martinrea International Company Profile

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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