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

Linamar (TSE:LNR) had its price objective lifted by investment analysts at Scotiabank from C$102.00 to C$114.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 9.05% from the company’s current price.

LNR has been the subject of a number of other reports. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday. TD boosted their price objective on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a research note on Thursday. Scotia upped their target price on 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, Raymond James Financial increased their target price on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Three investment 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 has an average rating of “Moderate Buy” and a consensus price target of C$107.14.

Linamar Trading Down 2.4%

LNR traded down C$2.53 during trading on Thursday, hitting C$104.54. 190,712 shares of the company’s stock were exchanged, compared to its average volume of 123,168. Linamar has a 1 year low of C$69.84 and a 1 year high of C$108.29. The stock has a 50 day moving average price of C$102.48 and a 200 day moving average price of C$94.62. The firm has a market cap of C$6.19 billion, a P/E ratio of 9.96, a price-to-earnings-growth 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 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.