Linamar (TSE:LNR – Get Rating) has been assigned a C$82.00 target price by investment analysts at Raymond James in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 24.73% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Scotiabank upped their price target on Linamar from C$80.00 to C$90.00 in a report on Wednesday, December 7th. CIBC raised their target price on shares of Linamar from C$75.00 to C$80.00 in a report on Friday, December 23rd. TD Securities lowered their price target on shares of Linamar from C$86.00 to C$77.00 and set a “buy” rating for the company in a report on Friday, October 21st. Finally, BMO Capital Markets raised their price objective on shares of Linamar from C$62.00 to C$65.00 in a report on Thursday, November 10th.
Linamar Trading Up 0.8 %
Shares of LNR stock opened at C$65.74 on Friday. Linamar has a fifty-two week low of C$45.46 and a fifty-two week high of C$81.25. The company has a 50 day moving average price of C$63.28 and a 200 day moving average price of C$60.65. The stock has a market capitalization of C$4.07 billion and a P/E ratio of 11.09. The company has a debt-to-equity ratio of 28.18, a quick ratio of 0.75 and a current ratio of 1.26.
Insider Activity at Linamar
In related news, Director Linda Hasenfratz bought 50,000 shares of the stock in a transaction dated Monday, December 12th. The stock was acquired at an average price of C$66.23 per share, for a total transaction of C$3,311,500.00. Following the acquisition, the director now owns 300,000 shares in the company, valued at approximately C$19,869,000. In other news, Senior Officer Christopher John Merchant purchased 630 shares of the business’s stock in a transaction on Monday, December 19th. The shares were bought at an average price of C$61.59 per share, with a total value of C$38,801.70. Following the completion of the transaction, the insider now directly owns 3,239 shares in the company, valued at approximately C$199,490.01. Also, Director Linda Hasenfratz acquired 50,000 shares of the firm’s stock in a transaction dated Monday, December 12th. The stock was purchased at an average cost of C$66.23 per share, with a total value of C$3,311,500.00. Following the completion of the acquisition, the director now directly owns 300,000 shares of the company’s stock, valued at approximately C$19,869,000. Insiders acquired 50,938 shares of company stock valued at $3,369,216 over the last three months.
Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North America, Europe, and the Asia Pacific. It operates through two segments, Mobility and Industrial. The Mobility segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.
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