Analysts Set Linamar Co. (TSE:LNR) Price Target at $69.83
Shares of Linamar Co. (TSE:LNR) have been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$69.83.
LNR has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Linamar from C$74.00 to C$63.00 in a research report on Thursday, June 30th. TD Securities decreased their price objective on shares of Linamar from C$65.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. BMO Capital Markets raised their price objective on shares of Linamar from C$50.00 to C$55.00 and gave the company a “market perform” rating in a research report on Thursday, August 11th. CIBC raised their price objective on shares of Linamar from C$71.00 to C$75.00 in a research report on Thursday, August 11th. Finally, Scotiabank restated an “outperform” rating and set a C$80.00 price objective on shares of Linamar in a research report on Thursday, August 11th.
Linamar (TSE:LNR) opened at 56.03 on Friday. The company has a 50-day moving average of $53.97 and a 200 day moving average of $53.67. Linamar has a 12 month low of $42.24 and a 12 month high of $78.71. The stock has a market capitalization of $3.65 billion and a price-to-earnings ratio of 7.59.
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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