Linamar (LNR) PT Raised to C$81.00

Linamar (TSE:LNR) had its price objective increased by research analysts at Royal Bank of Canada from C$80.00 to C$81.00 in a note issued to investors on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.49% from the stock’s previous close.

A number of other research firms have also recently issued reports on LNR. BMO Capital Markets lifted their target price on Linamar from C$70.00 to C$80.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. CIBC lifted their target price on Linamar from C$69.00 to C$81.00 in a research report on Thursday, September 28th. TD Securities decreased their target price on Linamar from C$84.00 to C$82.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Finally, Scotiabank lifted their target price on Linamar from C$85.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday, December 15th.

Linamar (TSE LNR) traded up C$0.63 during mid-day trading on Thursday, reaching C$73.31. The company had a trading volume of 197,101 shares, compared to its average volume of 186,317. The firm has a market capitalization of $4,770.00, a P/E ratio of 9.36 and a beta of 1.54. Linamar has a fifty-two week low of C$54.36 and a fifty-two week high of C$80.58.

Linamar (TSE:LNR) last released its earnings results on Tuesday, November 7th. The company reported C$1.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.91 by C($0.29). Linamar had a net margin of 6.92% and a return on equity of 14.62%.

In other Linamar news, insider Csaba Havasi sold 4,000 shares of Linamar stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$66.57, for a total value of C$266,280.00.

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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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