Linamar Co. (TSE:LNR) Stock Has Consensus Price Target of C$110.29

Shares of Linamar Co. (TSE:LNR) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$110.29.

A number of equities analysts recently commented on LNR shares. TD reduced their price objective on shares of Linamar from C$123.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Scotiabank increased their target price on Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. BMO Capital Markets downgraded Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price target on the stock. in a report on Friday, September 18th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th.

Linamar Price Performance

Shares of LNR opened at C$89.93 on Thursday. The company has a debt-to-equity ratio of 32.89, a quick ratio of 0.75 and a current ratio of 1.88. The company has a 50 day moving average price of C$96.34 and a 200-day moving average price of C$94.92. Linamar has a fifty-two week low of C$73.27 and a fifty-two week high of C$110.58. The stock has a market capitalization of C$5.30 billion, a PE ratio of 7.85, a PEG ratio of 1.12 and a beta of 1.62.

Insiders Place Their Bets

In related news, Director Mark Stoddart sold 18,932 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the sale, the director owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. This trade represents a 3.99% decrease in their ownership of the stock. 33.49% of the stock is currently owned by insiders.

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.