Magna International Given New $61.00 Price Target at RBC Capital (MG) - InvestingChannel

Magna International Given New $61.00 Price Target at RBC Capital (MG)

Research analysts at RBC Capital raised their target price on shares of Magna International (TSE: MG)

Shares of Magna International traded up 0.08% during mid-day trading on Monday, hitting $50.97. Magna International has a 52 week low of $34.87 and a 52 week high of $50.97. The stock?s 50-day moving average is currently $47.05. The company has a P/E ratio of 8.46.

Separately, analysts at BMO Capital Markets reiterated an ?outperform? rating on shares of Magna International in a research note to investors on Friday, December 14th. They now have a $55.00 price target on the stock. Magna International Inc. (Magna) is a diversified global automotive supplier. It designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks.