Linamar Downgraded by CIBC to “Sector Performer” (LNR) - InvestingChannel

Linamar Downgraded by CIBC to “Sector Performer” (LNR)

LNR has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Linamar from $29.00 to $30.00 in a research note to investors on Friday. They now have a ?buy? rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Linamar from $30.50 to $30.00 in a research note to investors on Friday. They now have an ?outperform? rating on the stock. Linamar traded down 0.08% on Friday, hitting $24.24. Linamar has a 52-week low of $18.52 and a 52-week high of $26.96. The stock?s 50-day moving average is currently $25.79. The company has a market cap of $1.581 billion and a price-to-earnings ratio of 11.03.

Linamar Corporation (Linamar) is a diversified global manufacturing company of engineered products. The Company operates in two segments: Powertrain/Driveline and Industrial.