Shares of Linamar Co. (TSE:LNR - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$55.93 and traded as high as C$66.90. Linamar shares last traded at C$65.99, with a volume of 106,958 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LNR. Scotiabank increased their price objective on shares of Linamar from C$61.00 to C$66.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. TD Securities upgraded shares of Linamar from a "hold" rating to a "buy" rating and raised their price target for the company from C$59.00 to C$66.00 in a report on Thursday, May 8th.
Get Our Latest Stock Analysis on Linamar
Linamar Trading Down 0.2%
The business has a fifty day moving average of C$62.54 and a 200-day moving average of C$56.12. The stock has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75.
Insider Activity at Linamar
In related news, Senior Officer Csaba Havasi sold 4,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$61.96, for a total value of C$247,848.00. Insiders 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
(
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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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