Linamar (TSE:LNR - Get Free Report) had its target price boosted by CIBC from C$57.00 to C$68.00 in a report released on Thursday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 1.24% from the company's previous close.
A number of other equities research analysts also recently weighed in on LNR. Scotiabank lifted their price target on shares of Linamar from C$61.00 to C$66.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. TD Securities upgraded shares of Linamar from a "hold" rating to a "buy" rating and lifted their price target for the company from C$59.00 to C$66.00 in a research report on Thursday, May 8th.
Get Our Latest Stock Report on Linamar
Linamar Stock Performance
LNR stock traded up C$0.64 during mid-day trading on Thursday, hitting C$67.17. 44,643 shares of the company were exchanged, compared to its average volume of 132,852. The business has a 50 day simple moving average of C$63.75 and a 200-day simple moving average of C$56.48. The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84. The stock has a market capitalization of C$4.11 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. Linamar has a 1-year low of C$43.84 and a 1-year high of C$69.89.
Insider Buying and Selling
In other Linamar news, Senior Officer Csaba Havasi sold 4,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$61.96, for a total transaction of C$247,848.00. Insiders have sold 6,100 shares of company stock worth $356,349 in the last three months. 33.49% of the stock is owned by insiders.
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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