Linamar (TSE:LNR) Price Target Raised to C$123.00

Linamar (TSE:LNR) had its price objective lifted by TD from C$119.00 to C$123.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on LNR. Raymond James Financial lifted their target price on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce upped their price target on Linamar from C$115.00 to C$120.00 in a research report on Thursday. Scotiabank raised their price objective on Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday, July 20th. Finally, Scotia lifted their price objective on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$111.67.

Linamar Price Performance

Shares of LNR opened at C$105.87 on Thursday. The firm has a market cap of C$6.24 billion, a PE ratio of 10.08, a P/E/G ratio of 1.12 and a beta of 1.71. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. Linamar has a 1-year low of C$70.00 and a 1-year high of C$108.29. The firm has a fifty day simple moving average of C$102.50 and a two-hundred day simple moving average of C$94.81.

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.