TD Securities Issues Pessimistic Forecast for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR - Free Report) had its price target reduced by TD Securities from C$68.00 to C$66.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Other research analysts have also issued reports about the stock. Scotiabank lowered shares of Linamar from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. CIBC cut their target price on Linamar from C$85.00 to C$82.00 in a research note on Monday, February 10th. BMO Capital Markets dropped their price objective on shares of Linamar from C$80.00 to C$75.00 in a report on Wednesday, November 13th. Finally, Raymond James reduced their target price on shares of Linamar from C$74.00 to C$70.00 in a research note on Thursday, November 14th.

Linamar Price Performance

LNR stock traded up C$0.13 during midday trading on Thursday, reaching C$52.97. The stock had a trading volume of 162,960 shares, compared to its average volume of 141,430. Linamar has a 52-week low of C$51.55 and a 52-week high of C$73.84. The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84. The company's fifty day simple moving average is C$56.96 and its 200 day simple moving average is C$60.30. The company has a market cap of C$3.24 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Insider Buying and Selling at Linamar

In other news, insider Linamar Corporation acquired 15,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of C$63.01 per share, for a total transaction of C$945,097.50. Also, Director Linda Hasenfratz bought 50,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of C$60.01 per share, with a total value of C$3,000,500.00. Insiders purchased a total of 90,101 shares of company stock worth $5,475,561 over the last three months. Insiders own 33.49% of the company's stock.

Linamar Company Profile

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.