Martinrea International’s (MRETF) Buy Rating Reiterated at CIBC

CIBC restated their buy rating on shares of Martinrea International (OTCMKTS:MRETF) in a research note issued to investors on Wednesday morning, reports. The brokerage currently has a $17.00 target price on the stock.

Separately, Royal Bank of Canada reissued a buy rating and issued a $22.00 target price on shares of Martinrea International in a research note on Wednesday, December 18th.

OTCMKTS MRETF opened at $9.91 on Wednesday. Martinrea International has a 12 month low of $7.08 and a 12 month high of $11.19. The stock’s fifty day moving average price is $10.44 and its 200-day moving average price is $8.97.

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 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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