Martinrea International Inc (TSE:MRE) insider Armando Pagliari bought 6,100 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of C$15.07 per share, for a total transaction of C$91,927.00.
Martinrea International Inc (MRE) traded up C$0.11 during mid-day trading on Friday, hitting C$15.48. 344,700 shares of the stock traded hands, compared to its average volume of 247,560. Martinrea International Inc has a 1 year low of C$7.58 and a 1 year high of C$15.50.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, December 28th. Martinrea International’s payout ratio is presently 6.56%.
MRE has been the topic of several analyst reports. Scotiabank lifted their price target on shares of Martinrea International from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, November 16th. Royal Bank Of Canada lifted their price target on shares of Martinrea International from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. BMO Capital Markets raised shares of Martinrea International from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$11.00 to C$14.00 in a research report on Wednesday, August 9th. TD Securities lifted their price target on shares of Martinrea International from C$15.00 to C$17.00 in a research report on Thursday, November 16th. Finally, CIBC lifted their price target on shares of Martinrea International from C$11.50 to C$15.00 in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$16.50.
About Martinrea International
Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive sector in North America, Europe, and internationally. It offers suspension and chassis metal components, such as suspension and cross-members, suspension lines and arms, hot-stamped structural products, and hitch and bumper assemblies; and body and structure metal components, including body structure-cross-members and rail assemblies, structural BIW components, hot-stamped structural products, and underbody stampings and assemblies.
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