Linamar (TSE:LNR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Linamar Co. (TSE:LNR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$80.15 and traded as high as C$95.07. Linamar shares last traded at C$94.67, with a volume of 105,252 shares.

Wall Street Analysts Forecast Growth

LNR has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a report on Monday, January 5th. TD Securities increased their price target on Linamar from C$96.00 to C$103.00 in a research report on Thursday, February 5th. Finally, Scotiabank raised their price objective on Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$92.00.

Linamar Price Performance

The stock has a market cap of C$5.66 billion, a PE ratio of 22.98, a P/E/G ratio of 1.12 and a beta of 1.60. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The business has a 50 day moving average price of C$88.13 and a two-hundred day moving average price of C$80.15.

Insider Transactions at Linamar

In other news, insider Alexander Drolc sold 427 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total transaction of C$37,576.00. 33.49% of the stock is owned by company insiders.

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.