Linamar Co. (TSE:LNR) Given Average Rating of “Buy” by Analysts
Shares of Linamar Co. (TSE:LNR) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$69.83.
LNR has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$63.00 target price on shares of Linamar in a report on Tuesday, July 19th. TD Securities lifted their target price on Linamar from C$55.00 to C$57.00 and gave the stock a “hold” rating in a report on Thursday, August 11th. BMO Capital Markets lifted their target price on Linamar from C$50.00 to C$55.00 and gave the stock a “market perform” rating in a report on Thursday, August 11th. CIBC lifted their target price on Linamar from C$71.00 to C$75.00 in a report on Thursday, August 11th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$80.00 target price on shares of Linamar in a report on Thursday, August 11th.
Linamar (TSE:LNR) traded down 1.07% during midday trading on Friday, reaching $55.70. The company’s stock had a trading volume of 63,102 shares. Linamar has a 12-month low of $42.24 and a 12-month high of $78.71. The company’s 50-day moving average is $53.91 and its 200 day moving average is $53.72. The firm has a market cap of $3.63 billion and a price-to-earnings ratio of 7.55.
Linamar Company Profile
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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