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Linamar (LNR) Gets a Hold Rating from BMO Capital


Shares of Linamar (LNR) were revisited by a Wall Street analyst on November 7. Analyst Peter Sklar from BMO Capital reiterated a Hold rating, with a C$66 price target on November 7.

According to TipRanks.com, Sklar is ranked #1219 out of 4912 analysts.

Linamar has an analyst consensus of Moderate Buy, with a price target consensus of C$73.80, representing a 48.2% upside. In a report released yesterday, TD Securities also downgraded the stock to Hold with a C$64 price target.

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Based on Linamar’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$113 million. In comparison, last year the company had a net profit of C$107 million.

Linamar Corp. is a diversified manufacturing company, which engages in engineered products powering vehicles, motion, work and lives. It operates through the following segments: Powertrain & Driveline, and Industrial.

The company’s shares closed on Thursday at C$49.79, close to its 52-week low of C$49.30.