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.
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.
TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/18/linamar-lnr-pt-raised-to-c81-00.html.
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.
Receive News & Ratings for Linamar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar and related companies with MarketBeat.com's FREE daily email newsletter.