Shares of Linamar Co. (OTCMKTS:LIMAF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $59.72 and traded as high as $60.43. Linamar shares last traded at $59.24, with a volume of 1,795 shares trading hands.
Several research firms have commented on LIMAF. CIBC increased their price objective on shares of Linamar from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. TD Securities raised their price target on shares of Linamar from $84.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, March 11th. Scotiabank increased their target price on shares of Linamar from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, March 11th. Finally, BMO Capital Markets raised their price target on shares of Linamar from $65.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, March 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $87.60.
The business’s fifty day moving average price is $59.78 and its two-hundred day moving average price is $49.32.
Linamar Corporation together with its subsidiaries design, develop, and produce engineered products in Canada, Rest of North America, the Asia Pacific, and Europe. It operates through two segments, Transportation and Industrial. The Transportation segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.
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