Linamar Co. (TSE:LNR - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$64.66 and traded as high as C$72.50. Linamar shares last traded at C$71.09, with a volume of 66,543 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have issued reports on LNR. TD Securities lifted their target price on shares of Linamar from C$78.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Raymond James Financial boosted their price target on Linamar from C$70.00 to C$80.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. CIBC raised Linamar from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from C$77.00 to C$87.00 in a report on Tuesday, August 26th. BMO Capital Markets boosted their target price on shares of Linamar from C$75.00 to C$80.00 in a research note on Thursday, August 14th. Finally, Scotiabank boosted their target price on shares of Linamar from C$71.00 to C$80.00 and gave the company a "sector perform" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Linamar has an average rating of "Moderate Buy" and a consensus target price of C$82.40.
Check Out Our Latest Analysis on Linamar
Linamar Price Performance
The stock has a market capitalization of C$4.25 billion, a PE ratio of 20.14, a P/E/G ratio of 1.12 and a beta of 1.66. 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 50-day moving average of C$74.33 and a two-hundred day moving average of C$64.66.
Linamar Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.6%. This is an increase from Linamar's previous quarterly dividend of $0.25. Linamar's dividend payout ratio (DPR) is currently 29.46%.
About Linamar
(
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Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications.
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