Linamar (LNR) PT Lowered to C$74.00

Linamar (TSE:LNR) had its price target cut by research analysts at BMO Capital Markets from C$80.00 to C$74.00 in a report issued on Wednesday. BMO Capital Markets’ price target points to a potential upside of 4.25% from the stock’s current price.

A number of other research analysts have also recently commented on LNR. Royal Bank of Canada upped their price target on Linamar from C$79.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. TD Securities dropped their price target 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 upped their price target 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 (LNR) opened at C$70.98 on Wednesday. Linamar has a 1 year low of C$54.36 and a 1 year high of C$80.58. The company has a market capitalization of $4,660.00, a price-to-earnings ratio of 9.07 and a beta of 1.43.

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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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