Magna International Inc. (MG) Insider Purchases C$686,520.00 in Stock

Magna International Inc. (TSE:MG) (NYSE:MGA) insider Francis Seguin acquired 12,000 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were bought at an average price of C$57.21 per share, for a total transaction of C$686,520.00.

Shares of Magna International Inc. (MG) traded down 4.55% on Friday, hitting $57.30. 3,700,835 shares of the stock traded hands. Magna International Inc. has a one year low of $42.73 and a one year high of $62.94. The company’s 50 day moving average is $60.10 and its 200 day moving average is $58.12. The stock has a market cap of $21.79 billion and a price-to-earnings ratio of 10.48.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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Several brokerages have recently weighed in on MG. BMO Capital Markets set a C$47.00 price objective on shares of Magna International and gave the stock a “market perform” rating in a report on Friday, May 12th. TD Securities set a C$50.00 price objective on shares of Magna International and gave the stock a “hold” rating in a report on Thursday, February 16th. Finally, Scotiabank set a C$65.00 price objective on shares of Magna International and gave the stock an “outperform” rating in a report on Monday, February 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$56.90.

About Magna International

Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

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