TD Securities Cuts Linamar (TSE:LNR) Price Target to C$59.00

Linamar (TSE:LNR) had its price objective reduced by stock analysts at TD Securities from C$60.00 to C$59.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 17.86% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. CIBC downgraded shares of Linamar from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$82.00 to C$55.00 in a research note on Wednesday, March 5th. Cibc World Mkts downgraded Linamar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets cut their price objective on Linamar from C$75.00 to C$65.00 in a research report on Thursday, March 6th.

Linamar Trading Down 0.5 %

Shares of TSE LNR traded down C$0.26 during midday trading on Monday, hitting C$50.06. The stock had a trading volume of 40,956 shares, compared to its average volume of 158,377. The company has a fifty day moving average price of C$50.29 and a 200 day moving average price of C$55.78. The company has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 5.23, a PEG ratio of 1.12 and a beta of 1.41. Linamar has a 1-year low of C$43.84 and a 1-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.

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.