TD Securities Cuts Linamar Co. (LNR) Price Target to C$82.00
Other analysts have also recently issued reports about the company. BMO Capital Markets set a C$70.00 price target on Linamar and gave the company a market perform rating in a report on Thursday, August 3rd. Royal Bank Of Canada raised their price target on Linamar from C$79.00 to C$80.00 and gave the company a sector perform rating in a report on Wednesday. Finally, CIBC raised their price target on Linamar from C$69.00 to C$81.00 in a report on Thursday, September 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$81.60.
Shares of Linamar (TSE:LNR) opened at C$66.65 on Wednesday. Linamar has a 1 year low of C$47.00 and a 1 year high of C$80.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a $0.121 dividend. This is an increase from Linamar’s previous quarterly dividend of $0.12. This represents a $0.48 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. Linamar’s dividend payout ratio (DPR) is presently 5.62%.
In other Linamar news, insider Kenneth Mcdougall sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of C$78.74, for a total transaction of C$196,850.00. Also, insider Alexander Drolc sold 651 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$70.00, for a total value of C$45,570.00. Insiders sold a total of 3,251 shares of company stock valued at $249,620 over the last ninety days.
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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