CIBC Increases Linamar (LNR) Price Target to C$85.00

Linamar (TSE:LNR) had its target price raised by CIBC from C$81.00 to C$85.00 in a research report report published on Thursday.

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.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Tuesday, April 3rd will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, April 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.65%. Linamar’s payout ratio is currently 5.67%.

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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.

Analyst Recommendations for Linamar (TSE:LNR)

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