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.
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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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