Linamar (TSE:LNR) Given New C$120.00 Price Target at Canadian Imperial Bank of Commerce

Linamar (TSE:LNR) had its target price increased by stock analysts at Canadian Imperial Bank of Commerce from C$115.00 to C$120.00 in a report released on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 14.79% from the stock’s previous close.

LNR has been the subject of several other research reports. Raymond James Financial upped their target price on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Scotia upped their price target on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Scotiabank lifted their price objective on shares of Linamar from C$99.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Monday, July 20th. Finally, TD boosted their target price on shares of Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$107.14.

Linamar Trading Down 2.4%

Shares of LNR stock traded down C$2.53 during mid-day trading on Thursday, reaching C$104.54. The company’s stock had a trading volume of 190,712 shares, compared to its average volume of 123,168. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 35.07. The firm has a market capitalization of C$6.19 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71. The company’s 50 day simple moving average is C$102.48 and its 200-day simple moving average is C$94.62. Linamar has a 12-month low of C$69.84 and a 12-month high of C$108.29.

Linamar Company Profile

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.