Independent Research set a €189.00 ($219.77) target price on Linde (ETR:LIN) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
A number of other equities research analysts also recently weighed in on LIN. Baader Bank set a €150.00 ($174.42) price target on shares of Linde and gave the stock a sell rating in a research note on Tuesday. Pareto Securities set a €142.00 ($165.12) price target on shares of Linde and gave the stock a sell rating in a research note on Tuesday, August 6th. Sanford C. Bernstein set a €115.00 ($133.72) price target on shares of Linde and gave the stock a buy rating in a research note on Tuesday. JPMorgan Chase & Co. reiterated a buy rating on shares of Linde in a research note on Wednesday. Finally, Nord/LB set a €171.00 ($198.84) price target on shares of Linde and gave the stock a neutral rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of €176.00 ($204.65).
LIN traded up €0.60 ($0.70) during trading on Wednesday, reaching €189.45 ($220.29). 588,205 shares of the company’s stock were exchanged, compared to its average volume of 75,282. Linde has a fifty-two week low of €130.75 ($152.03) and a fifty-two week high of €184.80 ($214.88). The company has a quick ratio of 0.73, a current ratio of 1.02 and a debt-to-equity ratio of 28.21. The business has a 50 day moving average price of €176.72 and a 200 day moving average price of €173.03. The company has a market capitalization of $103.67 billion and a P/E ratio of 19.58.
Linde Company Profile
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.
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