The stock of Linamar Corporation (TSE:LNR) is a huge mover today! About 30,878 shares traded hands. Linamar Corporation (TSE:LNR) has declined 12.02% since April 22, 2016 and is downtrending. It has underperformed by 18.03% the S&P500.
The move comes after 9 months positive chart setup for the $3.35 billion company. It was reported on Nov, 28 by Barchart.com. We have $52.81 PT which if reached, will make TSE:LNR worth $100.50M 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 35.23% above today’s ($51.27) stock price. Linamar Corporation has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, October 16 by RBC Capital Markets. TD Securities maintained Linamar Corporation (TSE:LNR) on Friday, October 28 with “Hold” rating. TD Securities downgraded Linamar Corporation (TSE:LNR) on Thursday, August 6 to “Buy” rating. Scotia Capital maintained it with “Outperform” rating and $80 target price in Thursday, November 3 report. The stock of Linamar Corporation (TSE:LNR) earned “Outperform” rating by Scotia Capital on Friday, August 12. As per Tuesday, September 15, the company rating was upgraded by Canaccord Genuity.
More notable recent Linamar Corporation (TSE:LNR) news were published by: Fool.ca which released: “Can Linamar Corporation Double From Here?” on July 07, 2016, also Fool.ca with their article: “The Not-So-Obvious Reason for Owning Linamar Corporation” published on May 10, 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: “Linamar Corporation: Why it Could Rise 50% After Reporting Earnings” with publication date: March 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 $3.35 billion. The Firm operates through two divisions: the Powertrain/Driveline and the Industrial. It has a 6.74 P/E ratio. The divisions are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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