Linamar Co. (TSE:LNR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Linamar Co. (TSE:LNR) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$111.67.

LNR has been the subject of several analyst reports. Scotiabank lifted their price objective on shares of Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their target price on shares of Linamar from C$115.00 to C$120.00 in a report on Thursday, August 13th. Finally, TD lifted their price target on shares of Linamar from C$119.00 to C$123.00 and gave the company a “buy” rating in a research report on Thursday, August 13th.

Linamar Price Performance

Linamar stock opened at C$97.93 on Wednesday. The company has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.12 and a beta of 1.62. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. Linamar has a 12 month low of C$70.00 and a 12 month high of C$110.58. The stock’s 50 day moving average is C$102.42 and its 200-day moving average is C$96.44.

Insider Buying and Selling

In other Linamar news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the completion of the transaction, the director directly owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. The trade was a 3.99% decrease in their position. 33.49% of the stock is currently owned by company insiders.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.