Equities researchers at BMO Capital Markets initiated coverage on shares of Linde (NYSE:LIN) in a research report issued to clients and investors on Tuesday, November 6th, The Fly reports. The firm set a “market perform” rating on the basic materials company’s stock.
LIN has been the subject of several other research reports. JPMorgan Chase & Co. started coverage on shares of Linde in a research note on Friday, November 2nd. They issued an “overweight” rating and a $185.00 price objective for the company. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Barclays began coverage on shares of Linde in a research note on Monday, November 5th. They set an “equal weight” rating and a $178.00 price target for the company. Sanford C. Bernstein began coverage on shares of Linde in a research note on Monday, November 5th. They set an “underperform” rating for the company. Finally, Edward Jones began coverage on shares of Linde in a research note on Wednesday, October 31st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Linde currently has a consensus rating of “Hold” and an average target price of $181.50.
NYSE:LIN traded down $3.57 on Tuesday, hitting $153.36. The company had a trading volume of 2,309,145 shares, compared to its average volume of 9,988,591. The company has a market cap of $45.79 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.78. Linde has a 52 week low of $155.44 and a 52 week high of $166.85.
Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
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