Linamar Co. (TSE:LNR) Given Average Rating of “Buy” by Analysts
Linamar Co. (TSE:LNR) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the company. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$69.83.
A number of research firms recently issued reports on LNR. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$63.00 price objective on shares of Linamar in a research note on Tuesday, July 19th. Macquarie reiterated an “outperform” rating on shares of Linamar in a research note on Wednesday, September 28th. Scotiabank reiterated an “outperform” rating and set a C$80.00 price objective on shares of Linamar in a research note on Thursday, August 11th. CIBC boosted their price objective on Linamar from C$71.00 to C$75.00 in a research note on Thursday, August 11th. Finally, TD Securities upped their target price on Linamar from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research note on Thursday, August 11th.
Linamar (TSE:LNR) traded down 1.07% during mid-day trading on Friday, hitting $55.70. The stock had a trading volume of 63,102 shares. The stock has a market capitalization of $3.63 billion and a P/E ratio of 7.55. The company’s 50 day moving average is $53.91 and its 200-day moving average is $53.72. Linamar has a 52 week low of $42.24 and a 52 week high of $78.71.
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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