Magna International Inc. (MG) Insider Sells C$458,500.00 in Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) insider Seetarama Swamy Kotagiri sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of C$45.85, for a total value of C$458,500.00.

Magna International Inc. (MG) traded up 0.39% on Tuesday, hitting $59.05. The stock had a trading volume of 317,848 shares. The company has a 50 day moving average price of $60.18 and a 200-day moving average price of $58.21. Magna International Inc. has a 52-week low of $42.73 and a 52-week high of $62.94. The company has a market cap of $22.45 billion and a price-to-earnings ratio of 10.80.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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MG has been the topic of several recent analyst reports. TD Securities set a C$50.00 price objective on Magna International and gave the company a “hold” rating in a research report on Monday, February 27th. Scotiabank set a C$65.00 price objective on Magna International and gave the company an “outperform” rating in a research report on Monday, February 27th. Finally, BMO Capital Markets set a C$47.00 price objective on Magna International and gave the company a “market perform” rating in a research report on Friday, May 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$56.90.

About Magna International

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

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