Linamar Co. (TSE:LNR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$55.42 and traded as high as C$63.17. Linamar shares last traded at C$62.04, with a volume of 100,310 shares changing hands.
Analysts Set New Price Targets
LNR has been the subject of a number of analyst reports. Cibc World Mkts lowered shares of Linamar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets reduced their target price on shares of Linamar from C$75.00 to C$65.00 in a research note on Thursday, March 6th. TD Securities upgraded shares of Linamar from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$59.00 to C$66.00 in a report on Thursday, May 8th. Scotiabank upped 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, CIBC lowered shares of Linamar from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from C$82.00 to C$55.00 in a research note on Wednesday, March 5th.
Get Our Latest Stock Analysis on LNR
Linamar Trading Down 0.8%
The company's 50 day moving average price is C$54.11 and its 200 day moving average price is C$55.42. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.
Insider Activity at Linamar
In other Linamar news, Senior Officer Csaba Havasi sold 4,000 shares of the firm's stock in a transaction on 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 currently 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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