Linamar (TSE:LNR) Price Target Raised to C$120.00 at Canadian Imperial Bank of Commerce

Linamar (TSE:LNR) had its price objective lifted by analysts at Canadian Imperial Bank of Commerce from C$115.00 to C$120.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 14.79% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Raymond James Financial lifted their price target on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. TD increased their target price on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Scotiabank increased their target price on Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Monday, July 20th. Finally, Scotia boosted their price target on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$107.14.

Linamar Stock Down 2.4%

TSE LNR traded down C$2.53 during trading hours on Thursday, reaching C$104.54. 190,712 shares of the company traded hands, compared to its average volume of 123,168. The stock has a market capitalization of C$6.19 billion, a PE ratio of 9.96, a PEG ratio of 1.12 and a beta of 1.71. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. Linamar has a 12 month low of C$69.84 and a 12 month high of C$108.29. The company has a 50 day moving average of C$102.48 and a two-hundred day moving average of C$94.62.

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