Linamar Co. (LNR) Insider Sells C$17,002.50 in Stock
Linamar Co. (TSE:LNR) insider John Adams sold 250 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of C$68.01, for a total value of C$17,002.50.
Shares of Linamar Co. (TSE:LNR) opened at 61.12 on Friday. The stock has a market cap of $3.98 billion and a price-to-earnings ratio of 8.04. The company’s 50-day moving average price is $58.14 and its 200 day moving average price is $55.00. Linamar Co. has a 12-month low of $42.24 and a 12-month high of $65.50.
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Several analysts recently weighed in on LNR shares. RBC Capital Markets increased their price target on Linamar from C$64.00 to C$65.00 in a report on Thursday, November 3rd. CIBC decreased their price target on Linamar from C$75.00 to C$72.00 in a report on Thursday, November 3rd. TD Securities upgraded Linamar from a “hold” rating to a “buy” rating and increased their price target for the company from C$55.00 to C$65.00 in a report on Friday, December 2nd. Scotiabank restated an “outperform” rating and set a C$80.00 price target on shares of Linamar in a report on Wednesday, December 7th. Finally, Royal Bank Of Canada increased their price target on Linamar from C$65.00 to C$66.00 and gave the company a “sector perform” rating in a report on Thursday, January 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$66.17.
Linamar Company Profile
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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