Linde (ETR:LIN) received a €115.00 ($133.72) target price from stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s price objective suggests a potential downside of 39.30% from the company’s previous close.
LIN has been the subject of several other reports. DZ Bank restated a “buy” rating and set a target price on shares of Linde in a report on Tuesday. Deutsche Bank restated a “buy” rating and set a target price (up from ) on shares of Linde in a report on Tuesday, August 6th. Nord/LB set a €171.00 ($198.84) target price on Linde and gave the company a “neutral” rating in a report on Tuesday. Baader Bank set a €150.00 ($174.42) target price on Linde and gave the company a “sell” rating in a report on Tuesday. Finally, UBS Group set a €192.00 ($223.26) target price on Linde and gave the company a “buy” rating in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of €176.00 ($204.65).
LIN stock traded up €0.60 ($0.70) during trading on Tuesday, hitting €189.45 ($220.29). 588,205 shares of the company traded hands, compared to its average volume of 75,282. The firm has a market capitalization of $103.67 billion and a PE ratio of 19.58. Linde has a 1 year low of €130.75 ($152.03) and a 1 year high of €184.80 ($214.88). The company has a 50-day moving average of €176.72 and a 200-day moving average of €173.03. The company has a debt-to-equity ratio of 28.21, a quick ratio of 0.73 and a current ratio of 1.02.
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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