Linamar Corporation analysts set consensus target price of C$110.71

Linamar Corporation is seeing a consensus 12-month target price of C$110.71 from seven analysts, according to recent market reports. The current analyst sentiment is split, with three buy recommendations and four hold ratings.

Several financial institutions have recently adjusted their outlooks. TD raised its price objective from C$119.00 to C$123.00 with a buy rating, while CIBC increased its target from C$115.00 to C$120.00. Scotiabank also raised its target from C$102.00 to C$114.00, assigning a sector perform rating. Conversely, BMO Capital Markets downgraded the stock from outperform to hold, setting a target of C$105.00.

The company reported strong second-quarter financial results, with net profit rising 44.34 percent year-over-year to C$183.1 million on revenue of C$3.14 billion. Diluted earnings per share also improved to C$3.08 from C$2.12 in the previous year's corresponding quarter. Alongside these results, Linamar increased its quarterly dividend to C$0.32 per share.