Martinrea International Receives a Buy from BMO Capital

By Ryan Adsit

Wall Street analyst has provided a review for the Conglomerates company yesterday, but retained the same rating on the stock. Martinrea International (TSX: MRE) received a Buy rating from BMO Capital’s analyst Peter Sklar, with a C$18 price target.

Sklar has an average return of 6.6% when recommending Martinrea International.

According to TipRanks.com, Sklar is ranked #1152 out of 4836 analysts.

Martinrea International has an analyst consensus of Moderate Buy, with a price target consensus of C$20.50.

The company has a one-year high of C$17.50 and a one-year low of C$9.56. Currently, Martinrea International has an average volume of 191.1K.

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 Tuesday at C$14.07.