Linamar Co. (TSE:LNR) Stock Has Average Price Target of C$110.29

Shares of Linamar Co. (TSE:LNR - Get Free Report) have received a consensus recommendation of "Hold" from the seven research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$110.29.

A number of equities analysts have recently commented on LNR shares. Scotiabank raised their target price on shares of Linamar from C$102.00 to C$114.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce boosted their price target on Linamar from C$115.00 to C$120.00 in a report on Thursday, August 13th. BMO Capital Markets lowered Linamar from an "outperform" rating to a "hold" rating and set a C$105.00 price target for the company. in a report on Friday, September 18th. Finally, TD dropped their price objective on Linamar from C$123.00 to C$120.00 and set a "buy" rating on the stock in a research note on Thursday, October 8th.

Insider Activity

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

Linamar Trading Up 1.3%

TSE LNR opened at C$89.93 on Thursday. Linamar has a 12 month low of C$73.27 and a 12 month high of C$110.58. The company's 50-day moving average price is C$96.34 and its 200-day moving average price is C$94.92. The stock has a market cap of C$5.30 billion, a PE ratio of 7.85, a PEG ratio of 1.12 and a beta of 1.62. 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 Company Profile

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.

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