Linamar (TSE:LNR - Free Report) had its price objective cut by BMO Capital Markets from C$75.00 to C$65.00 in a report released on Thursday morning,BayStreet.CA reports.
Several other research firms have also commented on LNR. CIBC lowered shares of Linamar from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from C$82.00 to C$55.00 in a research report on Wednesday, March 5th. Raymond James decreased their price objective on shares of Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th. Finally, TD Securities decreased their price objective on shares of Linamar from C$68.00 to C$66.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th.
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Linamar Price Performance
Shares of Linamar stock traded down C$1.20 on Thursday, hitting C$52.05. The company's stock had a trading volume of 130,966 shares, compared to its average volume of 164,969. Linamar has a 52-week low of C$47.17 and a 52-week high of C$73.84. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The firm has a fifty day moving average price of C$54.88 and a 200-day moving average price of C$59.02. The company has a market capitalization of C$3.19 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.
Insider Activity at Linamar
In related news, Director Linda Hasenfratz acquired 50,000 shares of the company's stock in a transaction dated Monday, December 16th. The stock was bought at an average price of C$60.01 per share, with a total value of C$3,000,500.00. 33.49% of the stock is currently owned by corporate insiders.
Linamar Company Profile
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Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.
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