Linamar Co. (TSE:LNR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.37 and traded as high as $45.10. Linamar shares last traded at $44.65, with a volume of 65,251 shares traded.
Several research firms recently weighed in on LNR. CIBC downgraded shares of Linamar from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$56.00 to C$48.00 in a research report on Friday, October 4th. Scotiabank upped their price target on shares of Linamar from C$60.00 to C$66.00 in a research report on Wednesday, November 27th. TD Securities upped their price target on shares of Linamar from C$47.00 to C$50.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets upped their price target on shares of Linamar from C$41.00 to C$45.00 in a research report on Thursday, November 7th.
The company has a market cap of $2.92 billion and a price-to-earnings ratio of 5.79. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 59.13. The stock’s fifty day simple moving average is C$43.90 and its 200 day simple moving average is C$43.37.
Linamar Company Profile (TSE:LNR)
Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.
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