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

Linamar (TSE:LNR - Get Free Report) had its target price dropped by TD Securities from C$60.00 to C$59.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' target price would indicate a potential upside of 17.86% from the company's current price.

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

Linamar Price Performance

LNR traded down C$0.26 on Monday, hitting C$50.06. 40,956 shares of the company were exchanged, compared to its average volume of 158,377. The business's fifty day moving average is C$50.29 and its 200 day moving average is C$55.78. Linamar has a fifty-two week low of C$43.84 and a fifty-two week high of C$73.84. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The firm has a market capitalization of C$3.06 billion, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Linamar Company Profile

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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