Scotiabank cuts Linamar stock target to CAD 111.00

Published on 10/17/2026 at 18:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Linamar reports third-quarter results on November 4, 2026. Linamar stock costs CAD 91.29 on October 16, 2026 at 4:00 p.m. EDT, down 0.49 percent versus the TSX close.

Analyst target and trading date

Scotiabank lowered its Linamar target from CAD 114.00 to CAD 111.00 on October 15, 2026.
Linamar is scheduled to report third-quarter 2026 results on November 4, 2026.
Linamar stock last traded at CAD 91.29 on October 16, 2026 at 4:00 p.m. EDT, down 0.49 percent versus the TSX close.
Linamar traded at a P/E ratio of 7.97 with a CAD 5.4 billion market capitalization.

LNR, CA53278L1076, Illustration mit AI erstellt.

Scotiabank lowered its Linamar price target from CAD 114.00 to CAD 111.00 on October 15, 2026, while keeping a Sector Perform rating, Markets Insider reported. The revised target stands 21.58 percent above Linamar's last TSX price of CAD 91.29. Linamar stock last traded at CAD 91.29 on October 16, 2026 at 4:00 p.m. EDT, down 0.49 percent versus the TSX close of October 15, 2026 at CAD 91.74.

Revenue growth sets the backdrop

Linamar's second-quarter 2026 revenue rose 19.00 percent year over year to CAD 3.14 billion, while net income reached CAD 183.10 million. The company also generated CAD 327.92 million in operating cash flow during the quarter. The investor-relations page identifies Mobility and Industrial as the company's two principal operating areas and lists the second-quarter 2026 investor materials.

What does the target imply?

The Scotiabank target is 21.58 percent above the October 16 TSX price, giving investors a concrete comparison without treating the target as a forecast. Linamar's second-quarter diluted earnings per share were CAD 3.08, compared with CAD 3.71 in the first quarter of 2026. The quarter's revenue nevertheless increased from CAD 2.94 billion in the first quarter to CAD 3.14 billion, a quarter-on-quarter gain of 6.79 percent.

Price position and valuation

The TSX price sat within a CAD 71.61 to CAD 110.58 52-week range on October 16, 2026. That leaves the stock 17.44 percent below its 52-week high. Trading volume was 194,923 shares against an average of 164,532 shares. Linamar's market capitalization was CAD 5.4 billion, its P/E ratio was 7.97 and its dividend yield was 0.01 percent.

Comparison with peers

Linamar (TSX, CAD): down 0.49 percent, P/E 7.97, market capitalization CAD 5.4 billion.
Magna International (TSX, CAD): down 0.96 percent, P/E 24.41, market capitalization CAD 24.9 billion.
Martinrea International (TSX, CAD): down 0.21 percent, P/E 5.60, market capitalization CAD 669.7 million.

Linamar is scheduled to report third-quarter 2026 results on November 4, 2026, according to Simply Wall St. That date is the next major calendar marker after the October target revision.

Market position in view

The combination of a 7.97 P/E ratio, a 17.44 percent gap to the yearly high and the CAD 111.00 target puts valuation and execution side by side. The October 16 price move was modest, while the next results date offers the next concrete test for the second-quarter growth profile.