Linamar (TSE:LNR – Get Free Report) had its price target upped by equities researchers at CIBC from C$90.00 to C$92.00 in a report issued on Thursday, BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 29.80% from the company’s current price.
A number of other research firms have also recently issued reports on LNR. Raymond James lifted their price target on shares of Linamar from C$70.00 to C$74.00 in a research note on Thursday. Scotiabank lifted their target price on shares of Linamar from C$85.00 to C$90.00 in a research report on Thursday. Finally, BMO Capital Markets upped their price target on shares of Linamar from C$80.00 to C$90.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$88.60.
View Our Latest Report on Linamar
Linamar Stock Performance
Linamar (TSE:LNR – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share for the quarter, topping the consensus estimate of C$1.75 by C$0.23. The company had revenue of C$2.45 billion for the quarter, compared to the consensus estimate of C$2.40 billion. Linamar had a net margin of 5.17% and a return on equity of 9.93%. On average, research analysts forecast that Linamar will post 10.0864553 earnings per share for the current year.
Insider Buying and Selling
In other Linamar news, Senior Officer Michael Willard Russell acquired 586 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of C$69.93 per share, for a total transaction of C$40,978.98. Following the acquisition, the insider now owns 586 shares in the company, valued at C$40,978.98. 35.92% of the stock is currently owned by company insiders.
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.
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