Linamar (TSE:LNR) Reaches New 12-Month Low - What's Next?

Linamar Co. (TSE:LNR - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$51.51 and last traded at C$51.55, with a volume of 60293 shares changing hands. The stock had previously closed at C$52.24.

Analysts Set New Price Targets

LNR has been the subject of several recent research reports. Raymond James reduced their price objective on Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th. CIBC downgraded Linamar from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from C$82.00 to C$55.00 in a research report on Wednesday. TD Securities decreased their price target on shares of Linamar from C$66.00 to C$60.00 and set a "hold" rating for the company in a research note on Thursday. BMO Capital Markets cut their price objective on shares of Linamar from C$75.00 to C$65.00 in a research report on Thursday. Finally, Cibc World Mkts cut shares of Linamar from a "strong-buy" rating to a "hold" rating in a report on Wednesday.

Linamar Stock Performance

The stock has a market capitalization of C$3.26 billion, a P/E ratio of 5.56, a P/E/G ratio of 1.12 and a beta of 1.41. The stock has a 50 day simple moving average of C$55.05 and a two-hundred day simple moving average of C$59.16. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84.

Insider Activity at Linamar

In other Linamar news, Director Linda Hasenfratz purchased 50,000 shares of the stock in a transaction 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. Also, insider Linamar Corporation acquired 15,000 shares of the business's stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of C$63.01 per share, with a total value of C$945,097.50. 33.49% of the stock is owned by company insiders.

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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.