Linamar (TSE:LNR) Stock Price Passes Above 200-Day Moving Average of $64.31

Shares of Linamar Co. (TSE:LNRGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$64.31 and traded as high as C$67.78. Linamar shares last traded at C$66.58, with a volume of 42,741 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on LNR shares. Raymond James lowered Linamar from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$90.00 to C$70.00 in a report on Thursday, November 9th. CIBC lifted their price target on Linamar from C$90.00 to C$93.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets decreased their price target on Linamar from C$85.00 to C$80.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Scotiabank cut their target price on shares of Linamar from C$90.00 to C$82.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Finally, TD Securities decreased their target price on Linamar from C$87.00 to C$86.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Linamar has an average rating of “Moderate Buy” and a consensus target price of C$82.20.

View Our Latest Report on Linamar

Linamar Price Performance

The company has a debt-to-equity ratio of 32.87, a current ratio of 1.65 and a quick ratio of 0.75. The firm has a market cap of C$4.12 billion, a P/E ratio of 8.40, a PEG ratio of 1.12 and a beta of 1.45. The company’s 50-day moving average is C$64.95 and its two-hundred day moving average is C$64.30.

Insider Activity at Linamar

In related news, Director Linda Hasenfratz purchased 50,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was bought at an average cost of C$57.89 per share, for a total transaction of C$2,894,500.00. In other Linamar news, Director Linda Hasenfratz acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was acquired at an average price of C$57.89 per share, for a total transaction of C$2,894,500.00. Also, insider Elliot Burger acquired 660 shares of Linamar stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of C$59.23 per share, with a total value of C$39,091.80. Insiders purchased a total of 51,306 shares of company stock valued at $2,972,410 in the last quarter. Insiders own 35.92% of the company’s stock.

Linamar Company Profile

(Get Free Report)

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 powered vehicle markets.

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