Linamar Co. (TSE:LNR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$57.28 and traded as high as C$67.24. Linamar shares last traded at C$67.01, with a volume of 83,559 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on LNR shares. CIBC increased their price target on Linamar from C$57.00 to C$68.00 in a research report on Thursday, July 17th. TD Securities raised Linamar from a "hold" rating to a "buy" rating and increased their price target for the stock from C$59.00 to C$66.00 in a research report on Thursday, May 8th. Finally, Scotiabank increased their price target on Linamar from C$61.00 to C$66.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th.
View Our Latest Stock Report on LNR
Linamar Price Performance
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$4.22 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.12 and a beta of 1.41. The stock has a 50-day moving average price of C$65.18 and a 200 day moving average price of C$57.43.
Insider Activity at Linamar
In related news, Senior Officer Csaba Havasi sold 4,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$61.96, for a total value of C$247,848.00. 33.49% of the stock is owned by company 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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