Linamar (TSE:LNR) Given New C$123.00 Price Target at TD

Linamar (TSE:LNR) had its target price upped by TD from C$119.00 to C$123.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 17.66% from the company’s previous close.

Several other brokerages have also commented on LNR. Raymond James Financial boosted their price objective on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce boosted their price target on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday. Scotiabank increased their price target on shares of Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Monday, July 20th. Finally, Scotia lifted their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$107.14.

Linamar Price Performance

TSE LNR traded down C$2.53 during trading on Thursday, reaching C$104.54. The company’s stock had a trading volume of 190,712 shares, compared to its average volume of 123,168. The firm has a fifty day moving average of C$102.48 and a 200 day moving average of C$94.62. Linamar has a one year low of C$69.84 and a one year high of C$108.29. The stock has a market capitalization of C$6.19 billion, a PE ratio of 9.96, a P/E/G ratio of 1.12 and a beta of 1.71. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75.

About Linamar

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.