Scotiabank Increases Linamar (LNR) Price Target to C$90.00
Linamar (TSE:LNR) had its target price boosted by research analysts at Scotiabank from C$85.00 to C$90.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 24.14% from the stock’s previous close.
A number of other equities analysts have also weighed in on LNR. CIBC increased their target price on Linamar from C$69.00 to C$81.00 in a research note on Thursday, September 28th. TD Securities lowered their target price on Linamar from C$84.00 to C$82.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Royal Bank of Canada increased their target price on Linamar from C$79.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 8th. Finally, BMO Capital Markets increased their target price on Linamar from C$70.00 to C$80.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Linamar has an average rating of “Hold” and a consensus target price of C$82.60.
Linamar (TSE LNR) opened at C$72.50 on Friday. Linamar has a 52 week low of C$54.36 and a 52 week high of C$80.58.
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Linamar Company Profile
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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