Linamar (TSE:LNR - Get Free Report) had its target price lowered by Scotiabank from C$73.00 to C$61.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's target price indicates a potential upside of 20.65% from the company's current price.
Other equities analysts have also recently issued reports about the stock. Cibc World Mkts cut shares of Linamar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets dropped their target price on shares of Linamar from C$75.00 to C$65.00 in a report on Thursday, March 6th. CIBC cut Linamar from an "outperform" rating to a "neutral" rating and decreased their price target for the company from C$82.00 to C$55.00 in a research note on Wednesday, March 5th. Finally, TD Securities reduced their price objective on shares of Linamar from C$60.00 to C$59.00 and set a "hold" rating for the company in a research note on Monday.
Get Our Latest Stock Analysis on Linamar
Linamar Stock Up 0.2 %
Shares of LNR traded up C$0.08 on Tuesday, reaching C$50.56. The stock had a trading volume of 50,384 shares, compared to its average volume of 157,477. The firm has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 5.28, 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 quick ratio of 0.75 and a current ratio of 1.79. The company has a 50-day simple moving average of C$50.25 and a 200-day simple moving average of C$55.68. Linamar has a 12-month low of C$43.84 and a 12-month high of C$73.84.
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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