Linamar (TSE:LNR) Given New C$65.00 Price Target at BMO Capital Markets

Linamar (TSE:LNR) had its price objective dropped by BMO Capital Markets from C$75.00 to C$65.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 27.65% from the company’s previous close.

A number of other equities research analysts have also weighed in on LNR. TD Securities dropped 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 report on Thursday, February 13th. Raymond James dropped their target price on shares of Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th. Finally, CIBC downgraded Linamar from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$82.00 to C$55.00 in a research note on Wednesday.

Linamar Trading Up 0.4 %

LNR traded up C$0.18 on Thursday, reaching C$50.92. 174,241 shares of the company traded hands, compared to its average volume of 162,465. The firm has a fifty day simple moving average of C$55.29 and a two-hundred day simple moving average of C$59.31. The company has a market cap of C$3.12 billion, a P/E ratio of 5.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. Linamar has a one year low of C$47.17 and a one year 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.

Insider Activity

In other news, Director Linda Hasenfratz purchased 50,000 shares of the company’s 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. Also, insider Linamar Corporation acquired 15,000 shares of the firm’s stock in a transaction on 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. 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.