Linamar Co. (TSE:LNR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.33 and traded as high as C$67.17. Linamar shares last traded at C$66.74, with a volume of 51,915 shares traded.
Wall Street Analyst Weigh In
A number of research firms recently commented on LNR. CIBC lifted their price target on Linamar from C$57.00 to C$68.00 in a report on Thursday. TD Securities upgraded Linamar from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$59.00 to C$66.00 in a report on Thursday, May 8th. Finally, Scotiabank boosted their price objective on Linamar from C$61.00 to C$66.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th.
View Our Latest Stock Report on LNR
Linamar Trading Down 1.9%
The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The firm has a market capitalization of C$4.07 billion, a P/E ratio of 6.95, a PEG ratio of 1.12 and a beta of 1.41. The firm has a 50 day moving average of C$63.62 and a 200-day moving average of C$56.41.
Insider Buying and Selling
In other Linamar news, Senior Officer Csaba Havasi sold 4,000 shares of the business's 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. Insiders have sold 6,100 shares of company stock worth $356,349 in the last three months. 33.49% of the stock is owned by insiders.
About Linamar
(
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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