Linamar (TSE:LNR) had its target price lifted by analysts at Royal Bank of Canada from C$80.00 to C$81.00 in a research note issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 9.76% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. BMO Capital Markets raised their target price on Linamar from C$70.00 to C$80.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Scotiabank raised their target price on Linamar from C$85.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. TD Securities decreased their target price on Linamar from C$84.00 to C$82.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. Finally, CIBC raised their target price on Linamar from C$69.00 to C$81.00 in a research report on Thursday, September 28th.
Shares of Linamar (TSE:LNR) opened at C$73.80 on Thursday. Linamar has a 12-month low of C$54.36 and a 12-month high of C$80.58. The stock has a market capitalization of $4,820.00, a price-to-earnings ratio of 9.43 and a beta of 1.54.
Linamar (TSE:LNR) last announced its earnings results on Tuesday, November 7th. The company reported C$1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.91 by C($0.29). Linamar had a net margin of 6.92% and a return on equity of 14.62%.
In related news, insider Csaba Havasi sold 2,250 shares of Linamar stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$66.27, for a total value of C$149,107.50.
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Linamar Company Profile
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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