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Magna International Inc (Symbol: MGA) shares have surpassed the average analyst 12-month target price of $40.25, trading at $41.75 per share. This target is based on 16 analyst ratings, with one analyst setting a low target of $31.00, while another has a high target of $53.00, resulting in a standard deviation of $6.618.
Currently, Magna holds 4 strong buy ratings, 12 hold ratings, and 1 strong sell rating, with a calculated average rating of 2.65 on a scale where 1 is strong buy and 5 is strong sell. Analyst reactions may hinge on further developments in the company, potentially leading to adjustments in target prices.
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