Linamar Co. (LNR) Receives C$68.80 Average Price Target from Analysts
Linamar Co. (TSE:LNR) has earned an average recommendation of “Hold” from the six research firms that are currently covering the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$68.80.
Several equities analysts have issued reports on the company. Scotiabank reiterated an “outperform” rating and issued a C$80.00 target price on shares of Linamar in a research note on Thursday, March 9th. TD Securities lifted their target price on Linamar from C$67.00 to C$68.00 and gave the company a “hold” rating in a research note on Thursday, March 9th. BMO Capital Markets lifted their target price on Linamar from C$55.00 to C$65.00 in a research note on Thursday, March 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a C$66.00 target price on shares of Linamar in a research note on Thursday, March 9th.
Shares of Linamar (TSE:LNR) traded up 2.49% on Monday, reaching $57.15. 208,196 shares of the company’s stock were exchanged. The company’s 50 day moving average is $59.32 and its 200-day moving average is $56.89. The stock has a market cap of $3.73 billion and a price-to-earnings ratio of 7.22. Linamar has a one year low of $42.24 and a one year high of $63.25.
COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at http://www.watchlistnews.com/linamar-co-lnr-receives-c68-80-average-price-target-from-analysts/1206056.html.
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.
Receive News & Ratings for Linamar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.