Key Points
- Linamar director Mark Stoddart sold 18,932 shares at an average price of C$105.58, generating approximately C$2.0 million. The transaction reduced his holdings by 3.99%, leaving him with 455,914 shares.
- Linamar shares opened at C$98.28, with a market capitalization of C$5.80 billion and a 12-month trading range of C$70.00 to C$110.58.
- Analysts maintain a generally positive outlook, with three Buy and three Hold ratings. The stock has a consensus “Moderate Buy” rating and an average price target of C$111.67.
Linamar Co. (TSE:LNR - Get Free Report) Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the completion of the transaction, the director owned 455,914 shares in the company, valued at C$48,135,400.12. The trade was a 3.99% decrease in their position.
Linamar Price Performance
LNR stock opened at C$98.28 on Wednesday. The company has a market cap of C$5.80 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. The stock has a 50-day moving average price of C$102.67 and a two-hundred day moving average price of C$95.68. Linamar Co. has a 12-month low of C$70.00 and a 12-month high of C$110.58.
Analyst Ratings Changes
Several equities research analysts have issued reports on LNR shares. TD boosted their price objective on shares of Linamar from C$119.00 to C$123.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Raymond James Financial raised their price objective on Linamar from C$90.00 to C$100.00 and gave the company a "market perform" rating in a research report on Thursday, May 7th. Scotia boosted their price objective on Linamar from C$96.00 to C$99.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 7th. Finally, Scotiabank upped their target price on Linamar from C$102.00 to C$114.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$111.67.
Read Our Latest Analysis on Linamar
Linamar Company Profile
(
Get Free Report)
Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.
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