Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Linamar Corporation
  6. News
  7. Summary
    LNR   CA53278L1076

LINAMAR CORPORATION

(LNR)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-29 pm EDT
53.62 CAD   -11.63%
09/29TSX falls as investors eye financial market volatility
RE
09/12Linamar to supply Commercial Vehicle eAxle program to Workhorse Group
AQ
09/07Toronto Stocks Edge Higher as BOC Raises Rates; Cymat Technologies Rises on Supply Order
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toronto market closes up at 2-month high as oil prices rally

08/11/2022 | 05:25pm EDT

(New throughout, updates prices, market activity and comments)

* TSX ends up 105.94 points, or 0.5%, at 19,991.88

* Energy sector climbs 3.9%; oil settles 2.6% higher

* Element Fleet jumps 10.3% after earnings beat

* Financials gain 0.7%

Aug 11 (Reuters) - Canada's main stock index rose on Thursday, closing at a the highest in two months as higher oil prices bolstered energy shares, but an uncertain economic environment threw doubt on whether it would be plain sailing ahead for the commodity-linked market.

The Toronto Stock Exchange's S&P/TSX composite index ended up 105.94 points, or 0.5%, at 19,991.88, adding to this week's rally and posting its highest closing level since June 10.

"We have had a pretty good week ... we have seen a lot of the commodities hang in," said Michael Sprung, president at Sprung Investment Management.

"I am not sure if this is going to be a long-term trend or not. If anything, I think the fears of inflation and possible recession are likely to resurface again."

Canada's inverted yield curve signals the Bank of Canada may raise interest rates to a level that triggers a recession, placing the central bank in a tough spot as it aims to tame high inflation and engineer a "soft landing" for the economy.

The energy sector climbed 3.9%, as crude oil futures settled 2.6% higher at $94.34 a barrel after the International Energy Agency raised its oil demand growth forecast for this year.

Suncor Energy added 3.3% as it considers spinning off its Petro-Canada gas business that accounts for 13% of Canada's retail fuel market.

Energy accounts for nearly 19% of the TSX's market capitalization.

Among other companies that stood out was Element Fleet Management Corp. Shares of the fleet management company jumped 10.3% after it beat earnings estimates, while manufacturing company Linamar Corp ended 10.6% higher.

Heavily-weighted financials rose 0.7% and consumer staples were up 1.7%. (Reporting by Fergal Smith; Additional reporting by Johann M Cherian in Bengaluru; Editing by Shinjini Ganguli and David Gregorio)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAUSCH HEALTH COMPANIES INC. -6.96% 6.95 Delayed Quote.-74.83%
ELEMENT FLEET MANAGEMENT CORP. -2.26% 15.99 Delayed Quote.24.15%
LINAMAR CORPORATION -11.63% 53.62 Delayed Quote.-28.44%
LONDON BRENT OIL -2.20% 86.83 Delayed Quote.9.98%
S&P GSCI CRUDE OIL INDEX -0.67% 444.2068 Real-time Quote.8.68%
SUNCOR ENERGY INC. 0.08% 38.81 Delayed Quote.22.62%
WTI -0.97% 80.998 Delayed Quote.8.46%
All news about LINAMAR CORPORATION
09/29TSX falls as investors eye financial market volatility
RE
09/12Linamar to supply Commercial Vehicle eAxle program to Workhorse Group
AQ
09/07Toronto Stocks Edge Higher as BOC Raises Rates; Cymat Technologies Rises on Supply Orde..
DJ
09/07Linamar Says to supply Commercial Vehicle eAxle program to Workhorse Group; No Financia..
MT
09/07Linamar to supply Commercial Vehicle eAxle program to Workhorse Group
AQ
09/07Linamar Brief: Says to supply Commercial Vehicle eAxle program to Workhors..
MT
09/07Linamar to Supply Commercial Vehicle eAxle Program to Workhorse Group
CI
08/24Linamar MedTech Units Receives ISO Certification for Medical-Device Manufacturing
MT
08/24Linamar MedTech Achieves ISO 13485 Certification for Medical Device Manufacturing
AQ
08/24Linamar Corporation MedTech Achieves Certification for Medical Device Manufacturing
CI
More news
Analyst Recommendations on LINAMAR CORPORATION
More recommendations
Financials
Sales 2022 7 830 M 5 710 M 5 710 M
Net income 2022 - - -
Net Debt 2022 32,0 M 23,3 M 23,3 M
P/E ratio 2022 -
Yield 2022 1,51%
Capitalization 3 409 M 2 487 M 2 487 M
EV / Sales 2022 0,44x
EV / Sales 2023 0,37x
Nbr of Employees 26 796
Free-Float 68,0%
Chart LINAMAR CORPORATION
Duration : Period :
Linamar Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LINAMAR CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 53,62 CAD
Average target price 80,00 CAD
Spread / Average Target 49,2%
Managers and Directors
Linda S. Hasenfratz Executive Chairman & Chief Executive Officer
James Daniel Jarrell President, Chief Operating Officer & Director
Dale Schneider Financial Analyst
Mark Stoddart Non-Independent Director
Terry J. Reidel Independent Director
Sector and Competitors