Linamar (TSE:LNR) Price Target Raised to C$96.00 at TD Securities

Linamar (TSE:LNR) had its target price increased by analysts at TD Securities from C$85.00 to C$96.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 21.64% from the stock’s previous close.

A number of other research analysts also recently commented on the company. CIBC upgraded Linamar from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$77.00 to C$87.00 in a research note on Tuesday, August 26th. BMO Capital Markets increased their price objective on shares of Linamar from C$75.00 to C$80.00 in a report on Thursday, August 14th. Cibc World Mkts upgraded shares of Linamar from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Scotiabank increased their price objective on Linamar from C$80.00 to C$83.00 in a report on Friday, October 17th. Finally, Raymond James Financial lifted their price objective on shares of Linamar from C$70.00 to C$80.00 and gave the company a “market perform” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$85.40.

Linamar Stock Performance

Shares of TSE:LNR traded up C$3.38 on Thursday, reaching C$78.92. 186,048 shares of the company’s stock were exchanged, compared to its average volume of 125,546. Linamar has a fifty-two week low of C$43.84 and a fifty-two week high of C$80.56. The business’s 50-day moving average is C$75.06 and its two-hundred day moving average is C$68.59. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The firm has a market capitalization of C$4.72 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.12 and a beta of 1.65.

About Linamar

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.