Linamar (TSE:LNR - Get Free Report) had its price objective upped by stock analysts at CIBC from C$57.00 to C$68.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 0.85% from the stock's current price.
LNR has been the subject of a number of other research reports. TD Securities upgraded Linamar from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$59.00 to C$66.00 in a report on Thursday, May 8th. Scotiabank upped their price objective on Linamar from C$61.00 to C$66.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th.
Check Out Our Latest Research Report on LNR
Linamar Stock Performance
Shares of LNR stock traded up C$0.69 during trading hours on Thursday, reaching C$67.43. 41,730 shares of the company traded hands, compared to its average volume of 133,359. Linamar has a 12-month low of C$43.84 and a 12-month high of C$70.38. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75. The company has a market cap of C$4.13 billion, a P/E ratio of 7.04, a P/E/G ratio of 1.12 and a beta of 1.41. The firm has a 50-day moving average price of C$63.42 and a 200 day moving average price of C$56.33.
Insider Buying and Selling at Linamar
In related news, Senior Officer Csaba Havasi sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$61.96, for a total value of C$247,848.00. Insiders sold a total of 6,100 shares of company stock valued at $356,349 in the last quarter. Company insiders own 33.49% of the company's stock.
Linamar Company Profile
(
Get Free Report)
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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