Linamar Co. (TSE:LNR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Linamar Co. (TSE:LNR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$111.67.

Several equities research analysts have weighed in on LNR shares. TD upped their target price on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Scotiabank increased their price objective on Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th.

Insider Buying and Selling at Linamar

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

Linamar Price Performance

LNR stock opened at C$99.73 on Wednesday. The stock has a market cap of C$5.88 billion, a PE ratio of 8.70, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a 50-day moving average price of C$102.44 and a 200 day moving average price of C$96.27. Linamar has a 12 month low of C$70.00 and a 12 month high of C$110.58. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89.

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.