Linamar (TSE:LNR) Price Target Lowered to C$45.00 at BMO Capital Markets

Linamar (TSE:LNR) had its target price reduced by BMO Capital Markets from C$56.00 to C$45.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other analysts also recently commented on the company. CIBC reduced their target price on Linamar from C$65.00 to C$61.00 in a research note on Thursday, July 4th. TD Securities reduced their target price on Linamar from C$57.00 to C$53.00 and set a hold rating for the company in a research note on Tuesday, July 16th.

Shares of LNR stock traded down C$3.34 during mid-day trading on Friday, hitting C$37.92. The company’s stock had a trading volume of 582,500 shares, compared to its average volume of 185,326. The stock’s fifty day simple moving average is C$45.25. Linamar has a 52 week low of C$37.34 and a 52 week high of C$67.00. The company has a current ratio of 2.01, a quick ratio of 1.27 and a debt-to-equity ratio of 66.42. The company has a market cap of $2.48 billion and a P/E ratio of 4.42.

In other news, Senior Officer James Jarrell sold 85,300 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$45.02, for a total value of C$3,840,112.17. Following the completion of the sale, the insider now directly owns 34,649 shares in the company, valued at approximately C$1,559,859.87.

Linamar Company Profile

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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