Linamar (TSE:LNR) Price Target Raised to C$96.00 at TD Securities

Linamar (TSE:LNR) had its target price increased by research analysts at TD Securities from C$85.00 to C$96.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 21.64% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Scotiabank raised their price objective on shares of Linamar from C$80.00 to C$83.00 in a research note on Friday, October 17th. Raymond James Financial upped their price target on shares of Linamar from C$70.00 to C$80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. CIBC upgraded shares of Linamar from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$77.00 to C$87.00 in a research report on Tuesday, August 26th. BMO Capital Markets upped their target price on shares of Linamar from C$75.00 to C$80.00 in a research report on Thursday, August 14th. Finally, Cibc World Mkts raised shares of Linamar from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$85.40.

Linamar Stock Performance

Shares of TSE:LNR traded up C$3.38 during midday trading on Thursday, hitting C$78.92. The company’s stock had a trading volume of 186,048 shares, compared to its average volume of 125,546. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The stock’s 50 day simple moving average is C$75.06 and its 200 day simple moving average is C$68.59. The stock has a market capitalization of C$4.72 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.12 and a beta of 1.65. Linamar has a fifty-two week low of C$43.84 and a fifty-two week high of C$80.56.

About Linamar

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications.