Linamar Co. (TSE:LNR) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Linamar has a “Moderate Buy” consensus rating from six analysts, split evenly between three buy and three hold ratings. The average 12-month price target is C$111.67.
• Several analysts recently raised their targets: TD to C$123, CIBC to C$120, and Scotiabank to C$114; Scotiabank maintained a “sector perform” rating.
• Director Mark Stoddart sold 18,932 shares for approximately C$2.0 million, reducing his position by 3.99%. Linamar opened at C$99.73, down 3.1%, with insiders owning 33.49% of the company.

Shares of Linamar Co. (TSE:LNR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$111.67.

A number of equities analysts recently commented on LNR shares. TD upped their target price on Linamar from C$119.00 to C$123.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. Finally, Scotiabank lifted their target price on Linamar from C$102.00 to C$114.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th.

Insider Activity

In other news, Director Mark Stoddart sold 18,932 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the completion of the sale, the director directly owned 455,914 shares in the company, valued at C$48,135,400.12. This represents a 3.99% decrease in their position. Insiders own 33.49% of the company's stock.

Linamar Stock Down 3.1%

LNR opened at C$99.73 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. Linamar has a 12 month low of C$70.00 and a 12 month high of C$110.58. The company has a market cap of C$5.88 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a 50 day moving average of C$102.44 and a 200 day moving average of C$96.27.

About Linamar

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.