Shares of Linamar Co. (TSE:LNR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$111.67.
LNR has been the topic of a number of research reports. Canadian Imperial Bank of Commerce raised their target price on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. TD increased their price objective on shares of Linamar from C$119.00 to C$123.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Raymond James Financial lifted their price objective on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Scotia boosted their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Scotiabank upped their target price on Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th.
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Linamar Price Performance
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.
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