Linamar (TSE:LNR) Price Target Raised to C$98.00

Linamar (TSE:LNR) had its target price increased by Scotiabank from C$83.00 to C$98.00 in a report released on Tuesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other research analysts also recently issued reports about the stock. CIBC boosted their target price on shares of Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. TD Securities increased their price target on Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$90.60.

Linamar Price Performance

Shares of TSE LNR opened at C$86.34 on Tuesday. Linamar has a 52 week low of C$43.84 and a 52 week high of C$90.71. The business’s 50 day moving average price is C$83.54 and its 200 day moving average price is C$76.89. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The firm has a market cap of C$5.16 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.12 and a beta of 1.63.

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

Insider Buying and Selling at Linamar

In related news, insider Alexander Drolc sold 427 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total value of C$37,576.00. 33.49% of the stock is currently owned by corporate insiders.

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. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.