Linamar (LNR) PT Raised to C$84.00 at Royal Bank of Canada
Linamar (TSE:LNR) had its price objective hoisted by Royal Bank of Canada from C$82.00 to C$84.00 in a research note published on Thursday morning. The brokerage currently has a sector perform rating on the stock.
LNR has been the subject of several other reports. Scotiabank boosted their target price on shares of Linamar from C$85.00 to C$90.00 and gave the company an outperform rating in a research note on Friday, December 15th. TD Securities decreased their target price on shares of Linamar from C$84.00 to C$82.00 and set a hold rating for the company in a research note on Wednesday, November 8th. Finally, BMO Capital Markets decreased their target price on shares of Linamar from C$80.00 to C$74.00 in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of C$84.00.
Linamar (TSE:LNR) opened at C$73.76 on Thursday. Linamar has a 12 month low of C$54.36 and a 12 month high of C$80.58. The stock has a market cap of $4,820.00, a price-to-earnings ratio of 9.09 and a beta of 1.41.
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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