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Linamar (TSE:LNR) Price Target Cut to C$59.00 by Analysts at TD Securities

Linamar logo with Consumer Cyclical background

Linamar (TSE:LNR - Free Report) had its price target reduced by TD Securities from C$60.00 to C$59.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other analysts have also recently commented on LNR. BMO Capital Markets reduced their target price on shares of Linamar from C$75.00 to C$65.00 in a research note on Thursday, March 6th. CIBC downgraded shares of Linamar from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from C$82.00 to C$55.00 in a research report on Wednesday, March 5th. Finally, Cibc World Mkts cut Linamar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th.

Get Our Latest Report on Linamar

Linamar Stock Performance

Shares of TSE LNR traded up C$1.10 during mid-day trading on Monday, hitting C$52.29. 91,981 shares of the company were exchanged, compared to its average volume of 155,333. The stock has a 50 day simple moving average of C$50.12 and a 200-day simple moving average of C$55.43. Linamar has a 1-year low of C$43.84 and a 1-year high of C$73.84. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The firm has a market cap of C$3.20 billion, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

About Linamar

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Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.

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