Shares of Linamar Co. (TSE:LNR - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$55.13 and traded as high as C$63.07. Linamar shares last traded at C$62.58, with a volume of 111,549 shares traded.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. CIBC lowered shares of Linamar from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from C$82.00 to C$55.00 in a research note on Wednesday, March 5th. Cibc World Mkts lowered shares of Linamar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. TD Securities raised shares of Linamar from a "hold" rating to a "buy" rating and raised their price objective for the company from C$59.00 to C$66.00 in a research note on Thursday, May 8th. Scotiabank raised their price objective on shares of Linamar from C$61.00 to C$66.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets lowered their price objective on shares of Linamar from C$75.00 to C$65.00 in a research note on Thursday, March 6th.
Read Our Latest Stock Analysis on Linamar
Linamar Trading Down 0.6%
The company's fifty day moving average is C$52.40 and its two-hundred day moving average is C$55.24. The stock has a market cap of C$3.71 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 1.12 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84.
Insider Activity at Linamar
In other Linamar news, Senior Officer Csaba Havasi sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$50.91, for a total transaction of C$101,816.40. 33.49% of the stock is owned by corporate insiders.
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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