Martinrea International (OTCMKTS:MRETF) Raised to Buy at TD Securities

TD Securities upgraded shares of Martinrea International (OTCMKTS:MRETF) from a hold rating to a buy rating in a research report report published on Monday, The Fly reports.

A number of other equities analysts have also issued reports on MRETF. BMO Capital Markets raised their target price on Martinrea International from $11.00 to $13.00 and gave the stock a market perform rating in a research note on Wednesday, August 12th. Royal Bank of Canada raised their target price on Martinrea International from $15.00 to $16.00 and gave the stock an outperform rating in a research note on Wednesday, August 12th. CIBC raised their target price on Martinrea International from $13.00 to $14.50 and gave the stock an outperform rating in a research note on Monday, July 20th. Finally, Scotiabank raised their target price on Martinrea International from $14.00 to $15.50 and gave the stock a sector perform rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Martinrea International currently has a consensus rating of Buy and a consensus price target of $14.00.

Shares of MRETF stock opened at $7.52 on Monday. The business has a fifty day moving average of $7.71 and a 200 day moving average of $7.30. Martinrea International has a 1 year low of $3.98 and a 1 year high of $11.19.

Martinrea International Company Profile

Martinrea International Inc designs, engineers, 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. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

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Analyst Recommendations for Martinrea International (OTCMKTS:MRETF)

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