Linamar Co. (LNR) Receives Outperform Rating from Macquarie
A number of other research firms have also recently issued reports on LNR. Royal Bank Of Canada restated a sector perform rating and set a C$63.00 price target on shares of Linamar in a report on Tuesday, July 19th. TD Securities upped their price target on shares of Linamar from C$55.00 to C$57.00 and gave the company a hold rating in a report on Thursday, August 11th. BMO Capital Markets upped their price target on shares of Linamar from C$50.00 to C$55.00 and gave the company a market perform rating in a report on Thursday, August 11th. CIBC upped their price target on shares of Linamar from C$71.00 to C$75.00 in a report on Thursday, August 11th. Finally, Scotiabank restated an outperform rating and set a C$80.00 price target on shares of Linamar in a report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$69.83.
Linamar (TSE:LNR) opened at 54.01 on Wednesday. Linamar has a 52 week low of $42.24 and a 52 week high of $78.71. The stock’s 50 day moving average price is $53.88 and its 200-day moving average price is $54.00. The stock has a market capitalization of $3.52 billion and a P/E ratio of 7.32.
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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