Linamar Upgraded to “Buy” at TD Securities (LNR)
A number of other analysts have also recently weighed in on LNR. Analysts at Scotiabank raised their price target on shares of Linamar from C$75.00 to C$76.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Linamar from C$58.00 to C$61.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Linamar from C$57.00 to C$58.00 in a research note on Thursday, July 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$65.80.
Linamar (TSE:LNR) traded up 5.23% during mid-day trading on Friday, hitting $64.23. 435,897 shares of the company’s stock traded hands. Linamar has a one year low of $32.18 and a one year high of $67.67. The stock has a 50-day moving average of $62. and a 200-day moving average of $55.32. The company has a market cap of $4.161 billion and a price-to-earnings ratio of 15.15.
The company also recently announced a Quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, September 12th will be paid a dividend of $0.10 per share. This represents a dividend yield of 0.65%. The ex-dividend date is Thursday, August 21st.
Linamar Corporation (TSE:LNR) is a diversified global manufacturing company of engineered products.
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