Linamar (TSE:LNR) Stock Price Passes Above 200 Day Moving Average - What's Next?

Linamar Co. (TSE:LNR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$55.57 and traded as high as C$65.00. Linamar shares last traded at C$64.80, with a volume of 88,019 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Linamar from C$75.00 to C$65.00 in a report on Thursday, March 6th. TD Securities upgraded shares of Linamar from a "hold" rating to a "buy" rating and increased their price target for the company from C$59.00 to C$66.00 in a research report on Thursday, May 8th. CIBC cut Linamar from an "outperform" rating to a "neutral" rating and reduced their price target for the company from C$82.00 to C$55.00 in a research report on Wednesday, March 5th. Scotiabank raised their price target on Linamar from C$61.00 to C$66.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, Cibc World Mkts cut Linamar from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th.

Linamar Price Performance

The stock has a market cap of C$3.97 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The business's 50 day moving average price is C$59.72 and its two-hundred day moving average price is C$55.57. The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84.

Insider Transactions at Linamar

In other news, Senior Officer Csaba Havasi sold 4,000 shares of Linamar stock in a transaction that occurred 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. 33.49% of the stock is currently owned by company insiders.

About Linamar

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.