Royal Bank of Canada Increases Linamar (LNR) Price Target to C$82.00

Linamar (TSE:LNR) had its price target lifted by equities researchers at Royal Bank of Canada from C$81.00 to C$82.00 in a research report issued to clients and investors on Monday. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 18.02% from the company’s current price.

Several other analysts also recently issued reports on the company. BMO Capital Markets boosted their price objective on Linamar from C$70.00 to C$80.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Scotiabank boosted their price objective on Linamar from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Finally, TD Securities cut their price objective on Linamar from C$84.00 to C$82.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th.

Linamar (LNR) traded up C$2.41 during midday trading on Monday, reaching C$69.48. The company’s stock had a trading volume of 84,151 shares, compared to its average volume of 193,745. The firm has a market cap of $4,380.00, a P/E ratio of 8.87 and a beta of 1.43. Linamar has a 12-month low of C$54.36 and a 12-month high of C$80.58.

In other news, insider Csaba Havasi sold 4,000 shares of the company’s 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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About Linamar

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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