Linde (ETR:LIN)‘s stock had its “buy” rating reiterated by research analysts at DZ Bank in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. They presently have a price objective on the basic materials company’s stock.
Several other analysts have also recently commented on LIN. Deutsche Bank restated a “buy” rating and set a price target (up from ) on shares of Linde in a report on Tuesday, August 6th. Baader Bank set a €150.00 ($174.42) price objective on shares of Linde and gave the company a “sell” rating in a research report on Tuesday, September 17th. UBS Group set a €192.00 ($223.26) price objective on shares of Linde and gave the company a “buy” rating in a research report on Monday, October 7th. Independent Research reaffirmed a “neutral” rating on shares of Linde in a research report on Tuesday, August 6th. Finally, Nord/LB set a €160.00 ($186.05) price objective on shares of Linde and gave the company a “neutral” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of €176.00 ($204.65).
Shares of LIN stock traded up €0.60 ($0.70) during trading on Tuesday, hitting €189.45 ($220.29). 588,205 shares of the company were exchanged, compared to its average volume of 75,282. The company has a debt-to-equity ratio of 28.21, a quick ratio of 0.73 and a current ratio of 1.02. The firm has a market capitalization of $103.67 billion and a price-to-earnings ratio of 19.58. The business’s 50-day simple moving average is €176.72 and its 200 day simple moving average is €173.03. Linde has a twelve month low of €130.75 ($152.03) and a twelve month high of €184.80 ($214.88).
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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