TD Securities Increases Linamar (TSE:LNR) Price Target to C$90.00

Linamar (TSE:LNR – Get Rating) had its price objective increased by equities research analysts at TD Securities from C$86.00 to C$90.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 38.12% from the company’s current price.

A number of other equities research analysts have also recently commented on LNR. Scotiabank increased their target price on Linamar from C$80.00 to C$90.00 in a report on Wednesday, December 7th. Veritas Investment Research cut Linamar from a “buy” rating to a “reduce” rating in a report on Thursday. Raymond James set a C$82.00 price objective on Linamar and gave the stock an “outperform” rating in a report on Friday, January 13th. BMO Capital Markets raised their price objective on Linamar from C$80.00 to C$92.00 in a report on Thursday, March 2nd. Finally, CIBC raised their price objective on Linamar from C$80.00 to C$86.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$88.40.

Linamar Price Performance

Shares of TSE:LNR opened at C$65.16 on Thursday. The business’s fifty day moving average price is C$69.50 and its two-hundred day moving average price is C$64.18. The stock has a market cap of C$4.04 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39. The company has a debt-to-equity ratio of 28.18, a quick ratio of 0.75 and a current ratio of 1.26. Linamar has a one year low of C$45.46 and a one year high of C$77.69.

Insider Buying and Selling

In other news, Senior Officer Christopher John Merchant bought 630 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The shares were acquired at an average cost of C$61.59 per share, with a total value of C$38,801.70. Following the transaction, the insider now owns 3,239 shares of the company’s stock, valued at approximately C$199,490.01. In other news, Senior Officer Christopher John Merchant bought 630 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The shares were acquired at an average cost of C$61.59 per share, with a total value of C$38,801.70. Following the transaction, the insider now owns 3,239 shares of the company’s stock, valued at approximately C$199,490.01. Also, Director Linda Hasenfratz bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was purchased at an average cost of C$66.23 per share, for a total transaction of C$3,311,500.00. Following the completion of the transaction, the director now directly owns 300,000 shares in the company, valued at approximately C$19,869,000. In the last ninety days, insiders have bought 50,938 shares of company stock valued at $3,369,216. 33.31% of the stock is currently owned by company insiders.

About Linamar

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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.