Canaccord Genuity Reports That They Have Upgraded Martinrea International Inc (TSE:MRE) Shares

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Martinrea International Inc (TSE:MRE) Stock Upgrade

Martinrea International Inc (TSE:MRE) shares were increased by Canaccord Genuity to a “Focus List” rating in an interesting research report revealed to clients on 1 December.

From a total of 7 analysts covering Martinrea International Inc. (TSE:MRE) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is $16.08 while the lowest target price is $10.1. The mean of all analyst targets is $12.77 with a 67.93% above today’s ($10.54) stock price. Martinrea International Inc. was the topic of 7 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. IBC maintained shares on August 10 with “Outperform” rating.

Approximately 170,067 shares of stock traded hands. Martinrea International Inc (TSE:MRE) has declined 16.39% since April 28, 2015 and is downtrending. It has underperformed by 14.77% the S&P500.

 Canaccord Genuity Reports That They Have Upgraded Martinrea International Inc (TSE:MRE) Shares

Martinrea International Inc. is a Canada firm engaged in the production and development of metal parts, assemblies and modules, fluid management systems and complex aluminum products. The company has a market cap of $926.75 million. The Firm is focused primarily on the automotive sector. It has 9.94 P/E ratio. The Company’s product offerings include suspension and chassis metal components, body and structure metal components, aluminum components, chassis modules, fluid & air handling systems and fabricated assemblies.

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