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

Linamar (TSE:LNR) had its price target decreased by TD Securities from C$66.00 to C$60.00 in a report published on Thursday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets reduced their price objective on Linamar from C$75.00 to C$65.00 in a research report on Thursday. CIBC cut shares of Linamar from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$82.00 to C$55.00 in a research note on Wednesday. Finally, Raymond James decreased their price target on shares of Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th.

Linamar Price Performance

TSE LNR opened at C$51.65 on Thursday. The stock has a 50-day simple moving average of C$55.16 and a 200 day simple moving average of C$59.23. Linamar has a twelve month low of C$47.17 and a twelve month high of C$73.84. The stock has a market capitalization of C$3.16 billion, a PE ratio of 5.39, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79.

Insiders Place Their Bets

In other Linamar news, insider Linamar Corporation acquired 15,000 shares of Linamar stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of C$63.01 per share, with a total value of C$945,097.50. Also, Director Linda Hasenfratz bought 50,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of C$60.01 per share, for a total transaction of C$3,000,500.00. Corporate insiders own 33.49% of the company’s stock.

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.