Linamar Co. (TSE:LNR) Given Average Rating of “Moderate Buy” by Brokerages

Linamar Co. (TSE:LNR – Get Free Report) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$111.67.

A number of research firms recently commented on LNR. Canadian Imperial Bank of Commerce lifted their price objective on Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. Scotiabank increased their target price on shares of Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Finally, TD raised their price target on shares of Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday, August 13th.

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Insiders Place Their Bets

In related news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the completion of the transaction, the director owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. This trade represents a 3.99% decrease in their ownership of the stock. 33.49% of the stock is owned by corporate insiders.

Linamar Stock Performance

LNR opened at C$99.96 on Wednesday. The company has a debt-to-equity ratio of 32.89, a current ratio of 1.88 and a quick ratio of 0.75. Linamar has a fifty-two week low of C$70.00 and a fifty-two week high of C$110.58. The company’s 50 day moving average price is C$102.52 and its two-hundred day moving average price is C$96.39. The firm has a market capitalization of C$5.90 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 1.12 and a beta of 1.62.

About Linamar

(Get Free Report)

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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