RBC Capital Keeps Their Hold Rating on Linamar (LNR)


Wall Street analyst has provided a rating update for the Conglomerates sector company yesterday, while remaining neutral on the stock. Analyst Steve Arthur from RBC Capital remains neutral on Linamar (TSX: LNR) and has a C$83 price target.

According to TipRanks.com, Arthur is ranked #424 out of 4850 analysts.

Currently, the analyst consensus on Linamar is a Moderate Buy with an average price target of C$77.80, which is a 43.6% upside from current levels. In a report issued on August 7, CIBC also reiterated a Hold rating on the stock with a C$70 price target.

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Based on Linamar’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$197 million. In comparison, last year the company had a net profit of C$162 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 Wednesday at C$54.17, close to its 52-week low of C$53.56.

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