The stock of Linamar Corporation (TSE:LNR) is a huge mover today! About 56,526 shares traded hands. Linamar Corporation (TSE:LNR) has declined 20.95% since April 1, 2016 and is downtrending. It has underperformed by 22.90% the S&P500.
The move comes after 9 months positive chart setup for the $3.19 billion company. It was reported on Nov, 7 by Barchart.com. We have $66.16 PT which if reached, will make TSE:LNR worth $1.02B more.
Linamar Corporation (TSE:LNR) Ratings Coverage
Out of 5 analysts covering Linamar Corporation (TSE:LNR), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $100 is the highest target while $55 is the lowest. The $69.33 average target is 38.33% above today’s ($50.12) stock price. Linamar Corporation has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by TD Securities to “Buy” on Thursday, August 6. The company was maintained on Thursday, November 3 by Scotia Capital. On Tuesday, September 15 the stock rating was upgraded by Canaccord Genuity to “Buy”. The rating was maintained by RBC Capital Markets on Friday, October 16 with “Sector Perform”. On Friday, October 28 the stock rating was maintained by TD Securities with “Hold”. The stock of Linamar Corporation (TSE:LNR) has “Outperform” rating given on Friday, August 12 by Scotia Capital.
More notable recent Linamar Corporation (TSE:LNR) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on July 15, 2010, also Fool.ca with their article: “Can Linamar Corporation Double From Here?” published on July 07, 2016, Fool.ca published: “Why Linamar Corporation Rose 10% in a Day” on August 12, 2016. More interesting news about Linamar Corporation (TSE:LNR) were released by: Fool.ca and their article: “Should You Buy Magna International Inc. or Linamar Corporation?” published on April 18, 2016 as well as Fool.ca‘s news article titled: “The Not-So-Obvious Reason for Owning Linamar Corporation” with publication date: May 10, 2016.
Linamar Corporation is a Canada-based diversified manufacturing firm of engineered products powering vehicles, motion, work and lives. The company has a market cap of $3.19 billion. The Firm operates through two divisions: the Powertrain/Driveline and the Industrial. It has a 6.79 P/E ratio. The divisions are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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