Linamar Co. (LNR) Receives Average Recommendation of “Hold” from Analysts
Linamar Co. (TSE:LNR) has been assigned a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$72.60.
LNR has been the subject of a number of research analyst reports. Scotiabank restated an “outperform” rating and issued a C$80.00 target price on shares of Linamar in a report on Thursday, March 9th. Royal Bank of Canada restated a “sector perform” rating and issued a C$66.00 target price on shares of Linamar in a report on Thursday, March 9th. TD Securities increased their target price on Linamar from C$67.00 to C$68.00 and gave the company a “hold” rating in a report on Thursday, March 9th. BMO Capital Markets increased their target price on Linamar from C$55.00 to C$65.00 in a report on Thursday, March 9th. Finally, CIBC increased their target price on Linamar from C$65.00 to C$69.00 in a report on Friday, May 12th.
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Linamar (LNR) traded down 0.63% during trading on Tuesday, reaching $61.97. The company had a trading volume of 59,096 shares. Linamar has a 52-week low of $42.24 and a 52-week high of $64.73. The company has a 50-day moving average price of $60.22 and a 200 day moving average price of $58.78. The stock has a market cap of $4.05 billion and a PE ratio of 7.56.
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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