TD Securities Lowers Linamar Co. (LNR) Price Target to C$82.00
LNR has been the topic of a number of other research reports. BMO Capital Markets raised their price target on Linamar from C$70.00 to C$80.00 and gave the stock a market perform rating in a report on Monday, October 23rd. CIBC raised their price target on Linamar from C$69.00 to C$81.00 in a report on Thursday, September 28th. Finally, Royal Bank Of Canada raised their price target on Linamar from C$79.00 to C$80.00 and gave the stock a sector perform rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of C$81.60.
Linamar (TSE:LNR) opened at C$66.65 on Wednesday. Linamar has a twelve month low of C$47.00 and a twelve month high of C$80.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a $0.121 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. This is an increase from Linamar’s previous quarterly dividend of $0.12. Linamar’s dividend payout ratio (DPR) is presently 5.87%.
In related news, insider Alexander Drolc sold 651 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$70.00, for a total value of C$45,570.00. Also, insider Kenneth Mcdougall sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of C$78.74, for a total transaction of C$196,850.00. In the last 90 days, insiders sold 3,251 shares of company stock valued at $249,620.
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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