BMO Capital Markets Has Lowered Expectations for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its price objective decreased by equities researchers at BMO Capital Markets from C$75.00 to C$65.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 22.07% from the stock’s current price.

LNR has been the subject of a number of other reports. Raymond James decreased their price target on Linamar from C$74.00 to C$70.00 in a research note on Thursday, November 14th. CIBC downgraded Linamar from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$82.00 to C$55.00 in a research report on Wednesday. Finally, TD Securities cut their price objective on shares of Linamar from C$68.00 to C$66.00 and set a “hold” rating for the company in a report on Thursday, February 13th.

Linamar Trading Up 3.1 %

TSE:LNR opened at C$53.25 on Thursday. The company has a market cap of C$3.26 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. Linamar has a twelve month low of C$47.17 and a twelve month high of C$73.84. The business has a 50 day moving average price of C$55.05 and a two-hundred day moving average price of C$59.16. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84.

Insider Transactions at Linamar

In other Linamar news, insider Linamar Corporation bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of C$63.01 per share, for a total transaction of C$945,097.50. Also, Director Linda Hasenfratz purchased 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of C$60.01 per share, with a total value of C$3,000,500.00. 33.49% of the stock is owned by insiders.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.