Linamar Co. (TSE:LNR) Stock Has Average Target Price of C$110.71

Shares of Linamar Co. (TSE:LNR) have been assigned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$110.29.

A number of brokerages have commented on LNR. TD dropped their price objective on shares of Linamar from C$123.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday. 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 report on Thursday, August 13th. BMO Capital Markets downgraded shares of Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 target price for the company. in a research note on Friday, September 18th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th.

Insiders Place Their Bets

In other Linamar news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the completion of the sale, 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 corporate insiders.

Linamar Stock Down 0.9%

Shares of TSE:LNR opened at C$93.64 on Friday. The firm’s 50 day moving average price is C$100.18 and its 200 day moving average price is C$97.32. The stock has a market cap of C$5.52 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. Linamar has a fifty-two week low of C$70.00 and a fifty-two week high of C$110.58. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89.

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.