A Wall Street analyst has provided a rating update for the Conglomerates sector company yesterday, while remaining neutral on the stock. Martinrea International (MRE) received a Hold rating from CIBC’s analyst Kevin Chiang, with a C$17.50 price target.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 10.5% and a 63.4% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.
Currently, the analyst consensus on Martinrea International is a Hold with an average price target of C$17.50.
Martinrea International’s market cap is currently C$1.04B and has a P/E ratio of 5.9. The company has a Price to Book ratio of 0.94.
Martinrea International, Inc. engages in the development and production of metal products for automotive sector. It operates through the following geographical segments: North America, Europe, and Rest of the World.
The company’s shares closed on Friday at C$12.05.
