Wall Street analyst has provided a review for the Conglomerates company yesterday, but retained the same rating on the stock. Analyst Brian Morrison from TD Securities rated Linamar (TSX: LNR) a Buy, setting a C$70 price target.
Morrison has an average return of 2.7% when recommending Linamar.
According to TipRanks.com, Morrison is ranked #1143 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Linamar with a C$78.40 average price target, representing a 44.7% upside. In a report issued on August 7, Scotiabank also reiterated a Buy rating on the stock with a C$96 price target.
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The company has a one-year high of C$80.58 and a one-year low of C$53.56. Currently, Linamar has an average volume of 265.4K.
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.
