Linamar (TSE:LNR) Given New C$61.00 Price Target at Scotiabank

Linamar (TSE:LNR - Free Report) had its price objective lowered by Scotiabank from C$73.00 to C$61.00 in a research report released on Tuesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other research firms also recently weighed in on LNR. CIBC downgraded shares of Linamar from an "outperform" rating to a "neutral" rating and decreased their target price for the company from C$82.00 to C$55.00 in a research report on Wednesday, March 5th. Cibc World Mkts downgraded Linamar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. TD Securities reduced their price target on Linamar from C$60.00 to C$59.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Finally, BMO Capital Markets decreased their price target on Linamar from C$75.00 to C$65.00 in a research note on Thursday, March 6th.

Linamar Stock Up 2.1 %

TSE:LNR traded up C$1.10 during trading hours on Tuesday, reaching C$52.29. 91,981 shares of the stock were exchanged, compared to its average volume of 155,333. The stock has a market cap of C$3.20 billion, a PE ratio of 5.46, a PEG ratio of 1.12 and a beta of 1.41. Linamar has a twelve month low of C$43.84 and a twelve month high of C$73.84. The firm has a 50 day moving average of C$50.12 and a 200 day moving average of C$55.37. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75.

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.