Linamar (TSE:LNR) Price Target Raised to C$120.00

Linamar (TSE:LNR) had its price objective boosted by Canadian Imperial Bank of Commerce from C$115.00 to C$120.00 in a report published on Thursday morning,BayStreet.CA reports.

LNR has been the subject of several other reports. Raymond James Financial increased their price objective on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Scotiabank upped their price target on shares of Linamar from C$99.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Monday, July 20th. TD lifted their price objective on shares of Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Scotia boosted their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$111.67.

Linamar Stock Up 1.8%

TSE LNR opened at C$105.87 on Thursday. Linamar has a 12 month low of C$70.00 and a 12 month high of C$108.29. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. The stock has a market cap of C$6.24 billion, a PE ratio of 10.08, a P/E/G ratio of 1.12 and a beta of 1.71. The stock’s 50 day moving average is C$102.50 and its 200 day moving average is C$94.81.

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.