Linamar Co. (TSE:LNR) Stock Has Average Price Target of C$110.71 According to Analysts

Linamar Co. (TSE:LNR) has earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$110.71.

LNR has been the topic of several analyst reports. TD boosted their price target on shares of Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. BMO Capital Markets lowered shares of Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price objective for the company. in a research note on Friday, September 18th. Canadian Imperial Bank of Commerce lifted their target price on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Finally, Scotiabank boosted their target price on Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th.

Linamar Trading Up 1.1%

Shares of Linamar stock opened at C$98.52 on Friday. The company has a market capitalization of C$5.81 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The stock has a fifty day simple moving average of C$100.73 and a 200 day simple moving average of C$97.17. Linamar has a 12-month low of C$70.00 and a 12-month high of C$110.58. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89.

Insider Activity at Linamar

In related news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the sale, the director directly owned 455,914 shares in the company, valued at approximately C$48,135,400.12. This trade represents a 3.99% decrease in their ownership of the stock. Insiders own 33.49% of the company’s stock.

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.