Linamar (TSE:LNR) Price Target Raised to C$123.00 at TD

Linamar (TSE:LNR) had its target price hoisted by research analysts at TD from C$119.00 to C$123.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 17.66% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$115.00 to C$120.00 in a research note on Thursday. Scotia increased their price objective 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. Raymond James Financial raised their price objective on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Finally, Scotiabank upped their target price on shares of Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Linamar presently has an average rating of “Moderate Buy” and an average price target of C$107.14.

Linamar Trading Down 2.4%

LNR stock traded down C$2.53 during trading on Thursday, reaching C$104.54. The company had a trading volume of 190,712 shares, compared to its average volume of 123,168. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75. Linamar has a 52 week low of C$69.84 and a 52 week high of C$108.29. The business has a 50 day moving average of C$102.48 and a 200 day moving average of C$94.62. The company has a market cap of C$6.19 billion, a P/E ratio of 9.96, a PEG ratio of 1.12 and a beta of 1.71.

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.