Brokerages Set Linamar Co. (LNR) Target Price at $65.33
Shares of Linamar Co. (TSE:LNR) have received an average recommendation of “Hold” from the seven analysts that are covering the firm. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$65.33.
Several analysts recently issued reports on LNR shares. Macquarie reiterated an “outperform” rating on shares of Linamar in a research report on Wednesday, September 28th. TD Securities cut their target price on Linamar from C$57.00 to C$55.00 and set a “hold” rating for the company in a research report on Thursday, November 3rd. CIBC cut their target price on Linamar from C$75.00 to C$72.00 in a research report on Thursday, November 3rd. Royal Bank Of Canada raised their price target on Linamar from C$64.00 to C$65.00 and gave the company a “sector perform” rating in a report on Thursday, November 3rd. Finally, RBC Capital Markets raised their price target on Linamar from C$64.00 to C$65.00 in a report on Thursday, November 3rd.
Linamar (TSE:LNR) opened at 49.26 on Monday. The stock’s 50 day moving average price is $52.71 and its 200 day moving average price is $52.23. Linamar has a 1-year low of $42.24 and a 1-year high of $77.22. The stock has a market capitalization of $3.21 billion and a PE ratio of 6.48.
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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