Linamar Corporation’s Trend Down, Especially After Today’s Weak Session

 Linamar Corporation's Trend Down, Especially After Today's Weak Session

The stock of Linamar Corporation (TSE:LNR) is a huge mover today! About 317,361 shares traded hands or 63.32% up from the average. Linamar Corporation (TSE:LNR) has declined 14.38% since April 5, 2016 and is downtrending. It has underperformed by 19.16% the S&P500.
The move comes after 7 months negative chart setup for the $3.16B company. It was reported on Nov, 9 by Barchart.com. We have $45.55 PT which if reached, will make TSE:LNR worth $158.00M less.

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 44.59% above today’s ($47.95) stock price. Linamar Corporation has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 28 by TD Securities. Scotia Capital maintained Linamar Corporation (TSE:LNR) rating on Thursday, November 3. Scotia Capital has “Outperform” rating and $80 price target. On Friday, August 12 the stock rating was maintained by Scotia Capital with “Outperform”. The firm has “Buy” rating by TD Securities given on Thursday, August 6. RBC Capital Markets maintained the shares of LNR in a report on Friday, October 16 with “Sector Perform” rating. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, September 15.

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 $3.16 billion. The Firm operates through two divisions: the Powertrain/Driveline and the Industrial. It has a 6.3 P/E ratio. The divisions are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.

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