BMO Capital Remains a Hold on Linamar (LNR)

By Ryan Adsit

A Wall Street analyst has provided a rating update for the Conglomerates sector company yesterday, while remaining neutral on the stock. Analyst Peter Sklar from BMO Capital remains neutral on Linamar (LNRResearch Report) and has a C$56 price target.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 5.3% and a 49.5% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Loblaw Companies Limited, and Canadian Tire Corp Ltd.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Linamar with a C$60.50 average price target.

The company has a one-year high of C$76.13 and a one-year low of C$42.91. Currently, Linamar has an average volume of 210.3K.

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 Monday at C$50.78.