Linamar Co. (LNR) PT Raised to C$69.00 at CIBC

Linamar Co. (TSE:LNR) had its price objective raised by CIBC from C$65.00 to C$69.00 in a report published on Friday, May 12th.

LNR has been the topic of several other research reports. Royal Bank Of Canada upped their price target on shares of Linamar from C$65.00 to C$66.00 and gave the stock a sector perform rating in a report on Thursday, January 12th. Scotiabank reiterated an outperform rating and set a C$80.00 target price on shares of Linamar in a report on Thursday, March 9th. BMO Capital Markets raised their price objective on shares of Linamar from C$55.00 to C$65.00 in a report on Thursday, March 9th. Finally, TD Securities raised their price objective on shares of Linamar from C$67.00 to C$68.00 and gave the stock a hold rating in a report on Thursday, March 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$72.60.

Linamar (TSE LNR) traded down 2.25% during midday trading on Friday, reaching $61.25. The company had a trading volume of 264,593 shares. The company’s 50-day moving average is $61.66 and its 200 day moving average is $59.43. Linamar has a 52-week low of $42.24 and a 52-week high of $64.73. The company has a market cap of $4.00 billion and a PE ratio of 7.47.

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About Linamar

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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