Other analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their target price on shares of Linamar from C$80.00 to C$74.00 in a report on Wednesday, February 21st. TD Securities reduced their target price on shares of Linamar from C$84.00 to C$82.00 and set a hold rating on the stock in a report on Wednesday, November 8th. Scotiabank raised their target price on shares of Linamar from C$85.00 to C$90.00 and gave the company an outperform rating in a report on Friday, December 15th. Finally, Royal Bank of Canada raised their price objective on shares of Linamar from C$82.00 to C$84.00 and gave the stock a sector perform rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Linamar presently has a consensus rating of Hold and a consensus target price of C$84.00.
Shares of Linamar (TSE:LNR) opened at C$73.76 on Thursday. The firm has a market cap of $4,820.00, a P/E ratio of 9.09 and a beta of 1.41. Linamar has a 1-year low of C$54.36 and a 1-year high of C$80.58.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/03/12/cibc-increases-linamar-lnr-price-target-to-c85-00.html.
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.
Receive News & Ratings for Linamar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar and related companies with MarketBeat.com's FREE daily email newsletter.