David Harris Sells 259 Shares of Linamar (TSE:LNR) Stock

Linamar Co. (TSE:LNR) insider David Harris sold 259 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of C$78.80, for a total transaction of C$20,409.20.

Linamar Trading Down 0.4%

Shares of Linamar stock opened at C$80.89 on Monday. The company has a 50-day moving average of C$76.11 and a two-hundred day moving average of C$71.90. Linamar Co. has a 12-month low of C$43.84 and a 12-month high of C$82.52. 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 stock has a market cap of C$4.84 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.59.

Linamar (TSE:LNR) last released its quarterly earnings results on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%.The business had revenue of C$2.54 billion for the quarter. On average, research analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current fiscal year.

Analyst Ratings Changes

LNR has been the subject of a number of research analyst reports. Scotiabank raised their price target on Linamar from C$80.00 to C$83.00 in a research report on Friday, October 17th. CIBC raised their target price on shares of Linamar from C$87.00 to C$88.00 in a report on Thursday, November 13th. Cibc World Mkts raised shares of Linamar from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Finally, TD Securities raised their price objective on shares of Linamar from C$85.00 to C$96.00 in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$85.40.

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.