Linamar (TSE:LNR – Get Free Report) had its price target increased by analysts at Scotiabank from C$85.00 to C$90.00 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 26.98% from the stock’s current price.
LNR has been the subject of several other reports. Raymond James upped their target price on Linamar from C$70.00 to C$74.00 in a report on Thursday. BMO Capital Markets raised their price objective on shares of Linamar from C$80.00 to C$90.00 in a research report on Thursday. Finally, CIBC reduced their target price on shares of Linamar from C$91.50 to C$90.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.60.
Check Out Our Latest Stock Report on Linamar
Linamar Price Performance
Linamar (TSE:LNR – Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.75 by C$0.23. The firm had revenue of C$2.45 billion for the quarter, compared to analyst estimates of C$2.40 billion. Linamar had a net margin of 5.17% and a return on equity of 9.93%. Equities research analysts forecast that Linamar will post 10.0864553 earnings per share for the current fiscal year.
Insider Buying and Selling at Linamar
In other Linamar news, Senior Officer Michael Willard Russell acquired 586 shares of the stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of C$69.93 per share, with a total value of C$40,978.98. Following the transaction, the insider now owns 586 shares in the company, valued at approximately C$40,978.98. 35.92% of the stock is owned by insiders.
About Linamar
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.
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