Linamar (TSE:LNR) Price Target Raised to C$114.00

Linamar (TSE:LNR) had its price target raised by Scotiabank from C$102.00 to C$114.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the stock. Raymond James Financial boosted their target price on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. TD lifted their price target on shares of Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a research report on Thursday. Scotia lifted their price target on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce upped their price target on Linamar from C$115.00 to C$120.00 in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linamar has a consensus rating of “Moderate Buy” and an average target price of C$111.67.

Linamar Stock Performance

TSE:LNR opened at C$105.87 on Thursday. Linamar has a twelve month low of C$70.00 and a twelve month high of C$108.29. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. The company has a 50-day moving average of C$102.50 and a 200-day moving average of C$94.81. The firm has a market cap of C$6.24 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71.

Linamar Company Profile

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. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.