Nord/LB set a €171.00 ($198.84) price objective on Linde (ETR:LIN) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
LIN has been the subject of several other research reports. Independent Research reaffirmed a neutral rating on shares of Linde in a report on Tuesday, August 6th. UBS Group set a €192.00 ($223.26) price objective on Linde and gave the stock a buy rating in a report on Monday, October 7th. Deutsche Bank reaffirmed a buy rating and issued a price objective (up previously from ) on shares of Linde in a report on Tuesday, August 6th. Baader Bank set a €150.00 ($174.42) price objective on Linde and gave the stock a sell rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of Linde in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of €176.00 ($204.65).
Shares of Linde stock traded up €0.60 ($0.70) on Tuesday, reaching €189.45 ($220.29). The company’s stock 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 52 week low of €130.75 ($152.03) and a 52 week high of €184.80 ($214.88). The company has a market capitalization of $103.67 billion and a price-to-earnings ratio of 19.58. The firm’s fifty day simple moving average is €176.72 and its two-hundred day simple moving average is €173.03.
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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