RBC Capital Keeps a Buy Rating on Magna International (MG)


According to The Fly, magna International (TSX: MG), the Conglomerates sector company, was revisited by a Wall Street analyst yesterday. Analyst Steve Arthur from RBC Capital reiterated a Buy rating

According to TipRanks.com, Arthur is ranked #436 out of 4892 analysts.

Currently, the analyst consensus on Magna International is a Moderate Buy with an average price target of C$67, a 4.2% upside from current levels. In a report issued on October 17, Wells Fargo also reiterated a Buy rating on the stock.

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Magna International’s market cap is currently C$21.67B and has a P/E ratio of 7.4. The company has a Price to Book ratio of 1.48.

Magna International, Inc. designs, develops and manufactures automotive systems, assemblies, modules and components. It assembles complete vehicle, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa.

The company’s shares closed on Tuesday at C$64.28, close to its 52-week low of C$59.93.

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