TD Securities Issues Pessimistic Forecast for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its target price decreased by stock analysts at TD Securities from C$60.00 to C$59.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 17.32% from the stock’s current price.

A number of other brokerages have also commented on LNR. CIBC lowered Linamar from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$82.00 to C$55.00 in a research report on Wednesday, March 5th. BMO Capital Markets decreased their price objective on Linamar from C$75.00 to C$65.00 in a research report on Thursday, March 6th. Finally, Cibc World Mkts lowered Linamar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th.

Linamar Trading Down 0.4 %

Shares of LNR opened at C$50.29 on Monday. Linamar has a 1-year low of C$43.84 and a 1-year high of C$73.84. The stock has a market capitalization of C$3.08 billion, a P/E ratio of 5.25, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84. The business’s 50-day moving average price is C$50.20 and its 200 day moving average price is C$55.58.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.