Linamar Co. (TSE:LNR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$55.58 and traded as high as C$63.91. Linamar shares last traded at C$62.75, with a volume of 294,153 shares traded.
Wall Street Analyst Weigh In
LNR has been the subject of several research 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. Scotiabank raised their target price 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. TD Securities raised Linamar from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$59.00 to C$66.00 in a research report on Thursday, May 8th. BMO Capital Markets cut their price target on Linamar from C$75.00 to C$65.00 in a research note on Thursday, March 6th. Finally, CIBC cut 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.
View Our Latest Stock Report on LNR
Linamar Trading Up 1.8%
The stock has a market cap of C$3.92 billion, a PE ratio of 6.69, 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. The stock's fifty day moving average price is C$58.09 and its 200 day moving average price is C$55.49.
Insider Buying and Selling
In related news, Senior Officer Csaba Havasi sold 4,000 shares of the 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. 33.49% of the stock is owned by corporate 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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