CIBC Has Lowered Expectations for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its target price lowered by CIBC from C$88.00 to C$85.00 in a research note published on Friday,BayStreet.CA reports.

A number of other analysts have also recently commented on the company. TD Securities lowered their price target on Linamar from C$92.00 to C$89.00 and set a “buy” rating for the company in a research report on Monday, September 30th. BMO Capital Markets dropped their target price on Linamar from C$90.00 to C$80.00 in a research report on Friday, August 9th. Finally, Scotiabank lowered shares of Linamar from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$86.00 to C$77.00 in a research report on Tuesday, October 29th.

Linamar Trading Up 1.0 %

Shares of Linamar stock opened at C$59.91 on Friday. The firm’s 50 day simple moving average is C$61.83 and its two-hundred day simple moving average is C$65.09. The firm has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.12 and a beta of 1.41. Linamar has a 12-month low of C$54.95 and a 12-month high of C$73.84. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32.

Linamar Company Profile

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.