Linamar (TSE:LNR) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Shares of Linamar Co. (TSE:LNR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 analysts recently commented on the stock. Scotiabank lifted their target price 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 raised shares of Linamar from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$59.00 to C$66.00 in a report on Thursday, May 8th.

Linamar Stock Up 0.4%

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 stock has a market cap of C$4.08 billion, a P/E ratio of 6.95, a P/E/G ratio of 1.12 and a beta of 1.41. The stock's fifty day simple moving average is C$62.26 and its 200-day simple moving average is C$56.07.

Insider Transactions at Linamar

In other 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 value of C$247,848.00. Over the last ninety days, insiders have sold 6,100 shares of company stock valued at $356,349. Insiders own 33.49% of the company's stock.

Linamar Company Profile

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.