Linamar (TSE:LNR - Get Free Report) had its price target decreased by stock analysts at TD Securities from C$66.00 to C$60.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' target price indicates a potential upside of 15.27% from the company's previous close.
A number of other analysts have also recently issued reports on the company. CIBC cut Linamar from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from C$82.00 to C$55.00 in a report on Wednesday, March 5th. Raymond James decreased their target price on Linamar from C$74.00 to C$70.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets decreased their target price on Linamar from C$75.00 to C$65.00 in a report on Thursday.
Check Out Our Latest Report on Linamar
Linamar Trading Down 2.3 %
Shares of TSE:LNR traded down C$1.20 during trading on Thursday, reaching C$52.05. 130,966 shares of the stock were exchanged, compared to its average volume of 164,969. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. Linamar has a 12-month low of C$47.17 and a 12-month high of C$73.84. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The firm's 50-day moving average price is C$54.88 and its 200 day moving average price is C$59.02.
Insiders Place Their Bets
In related news, Director Linda Hasenfratz purchased 50,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was purchased at an average price of C$60.01 per share, for a total transaction of C$3,000,500.00. 33.49% of the stock is owned by company 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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