Linde’s (LIN) “Buy” Rating Reaffirmed at DZ Bank

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DZ Bank reiterated their buy rating on shares of Linde (ETR:LIN) in a report released on Tuesday morning, Borsen Zeitung reports. DZ Bank currently has a target price on the basic materials company’s stock.

Several other brokerages have also recently commented on LIN. Independent Research reiterated a neutral rating on shares of Linde in a research note on Tuesday, August 6th. JPMorgan Chase & Co. reiterated a buy rating on shares of Linde in a report on Tuesday, August 6th. Pareto Securities set a €142.00 ($165.12) price target on shares of Linde and gave the stock a sell rating in a report on Tuesday, August 6th. Baader Bank set a €150.00 ($174.42) price target on shares of Linde and gave the stock a sell rating in a report on Tuesday, September 17th. Finally, Deutsche Bank reiterated a buy rating and set a price target (up from ) on shares of Linde in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of €176.00 ($204.65).

Shares of ETR LIN traded up €0.60 ($0.70) during midday trading on Tuesday, hitting €189.45 ($220.29). The company had a trading volume of 588,205 shares, compared to its average volume of 75,282. The company has a quick ratio of 0.73, a current ratio of 1.02 and a debt-to-equity ratio of 28.21. Linde has a twelve month low of €130.75 ($152.03) and a twelve month high of €184.80 ($214.88). The business has a 50-day simple moving average of €176.72 and a two-hundred day simple moving average of €173.03. The firm has a market capitalization of $103.67 billion and a price-to-earnings 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.

Further Reading: Equal Weight Rating

Analyst Recommendations for Linde (ETR:LIN)

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