LNR has been the topic of a number of other reports. TD Securities decreased their price objective on Linamar from C$65.00 to C$55.00 and set a hold rating on the stock in a research report on Monday, July 11th. Royal Bank Of Canada reiterated a sector perform rating and issued a C$63.00 price objective on shares of Linamar in a research report on Tuesday, July 19th. BMO Capital Markets increased their price objective on Linamar from C$50.00 to C$55.00 and gave the company a market perform rating in a research report on Thursday, August 11th. Scotiabank restated an outperform rating and issued a C$80.00 price target on shares of Linamar in a research report on Thursday, August 11th. Finally, CIBC raised their price target on Linamar from C$71.00 to C$75.00 in a research report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$69.83.
Linamar (TSE:LNR) opened at 54.78 on Wednesday. The stock has a market cap of $3.57 billion and a P/E ratio of 7.42. Linamar has a 52 week low of $42.24 and a 52 week high of $78.71. The firm has a 50-day moving average price of $53.85 and a 200-day moving average price of $53.94.
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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