Linamar (TSE:LNR – Free Report) had its target price lowered by BMO Capital Markets from C$90.00 to C$80.00 in a report published on Friday morning, BayStreet.CA reports.
LNR has been the topic of a number of other reports. Scotiabank increased their price target on Linamar from C$85.00 to C$90.00 in a report on Thursday, May 9th. Raymond James increased their target price on shares of Linamar from C$70.00 to C$74.00 in a research note on Thursday, May 9th. CIBC decreased their price target on shares of Linamar from C$92.00 to C$88.00 in a research note on Friday. Finally, TD Securities cut their price objective on shares of Linamar from C$97.00 to C$95.00 and set a buy rating on the stock in a research report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Linamar has an average rating of Moderate Buy and an average target price of C$84.80.
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Linamar Stock Down 4.0 %
Linamar Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, August 23rd. Linamar’s dividend payout ratio is currently 10.20%.
About Linamar
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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