The Conglomerates sector company, Linamar (TSX: LNR), has received a rating update from a Wall Street analyst yesterday. Analyst Mark Neville from Scotiabank rated Linamar (TSX: LNR) a Buy, setting a C$96 price target.
Neville has an average return of 7.2% when recommending Linamar.
According to TipRanks.com, Neville is ranked #315 out of 4850 analysts.
Currently, the analyst consensus on Linamar is a Moderate Buy with an average price target of C$83, a 50.4% upside from current levels. In a report issued on July 27, TD Securities also upgraded the stock to Buy with a C$73 price target.
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Linamar’s market cap is currently C$3.78B and has a P/E ratio of 6.7. The company has a Price to Book ratio of 1.11.
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$55.17, close to its 52-week low of C$54.05.
