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

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

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

Shares of MRETF opened at $9.91 on Wednesday. The stock has a 50 day simple moving average of $10.44 and a two-hundred day simple moving average of $8.97. Martinrea International has a 1 year low of $7.08 and a 1 year high of $11.19.

Martinrea International Company Profile

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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