Zacks Investment Research Upgrades Linde Ag Spon (LNEGY) to “Buy”

Zacks Investment Research upgraded shares of Linde Ag Spon (NASDAQ:LNEGY) from a hold rating to a buy rating in a research report sent to investors on Saturday, June 10th. Zacks Investment Research currently has $22.00 target price on the stock.

According to Zacks, “The Linde Group is an engineering company which supplies industrial, process and specialty gases worldwide. The Company’s core operating segments consist of the gases and engineering division. The main gases produced by the Company are acetylene, carbon dioxide, nitrogen, hydrogen, shielding gases for welding applications, noble gases, calibration gas mixtures, high-purity gases and gas mixtures. It also supplies welding and safety products. Lindes’s pharmaceutical and medical gas products and services find their use in clinical care, emergency care, and ventilation therapy and hospital infrastructure. The engineering division focuses on plant engineering for the production of hydrogen and synthesis gas, oxygen and olefins as well as plants for natural gas treatment. The Company’s non core division the gist division operates in a wide range of commercial and industrial sectors including grocery, retail, electronics and gas. . The Linde Group is headquartered in Munich, Germany. “

Separately, HSBC Holdings plc raised shares of Linde Ag Spon from a hold rating to a buy rating in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $22.00.

Shares of Linde Ag Spon (NASDAQ:LNEGY) opened at 19.71 on Friday. Linde Ag Spon has a 12 month low of $13.27 and a 12 month high of $20.16. The company’s 50-day moving average is $18.99 and its 200-day moving average is $17.17. The firm has a market cap of $36.59 billion and a price-to-earnings ratio of 28.32.

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