Linde (ETR:LIN) has been assigned a €210.00 ($244.19) price target by equities researchers at Berenberg Bank in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the basic materials company’s stock. Berenberg Bank’s price objective points to a potential upside of 10.35% from the company’s previous close.
LIN has been the subject of several other reports. Independent Research set a €189.00 ($219.77) price target on Linde and gave the company a “neutral” rating in a report on Wednesday, November 13th. Baader Bank set a €180.00 ($209.30) price objective on Linde and gave the stock a “sell” rating in a report on Friday, December 13th. Sanford C. Bernstein set a €149.85 ($174.24) price objective on Linde and gave the stock a “sell” rating in a research report on Monday. Nord/LB set a €171.00 ($198.84) target price on Linde and gave the company a “neutral” rating in a report on Tuesday, November 12th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Linde in a research report on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of €189.39 ($220.22).
ETR LIN traded up €0.60 ($0.70) on Tuesday, hitting €190.30 ($221.28). 415,580 shares of the company’s stock were exchanged, compared to its average volume of 75,282. The company has a debt-to-equity ratio of 27.59, a current ratio of 0.90 and a quick ratio of 0.62. The firm’s 50-day moving average price is €187.57 and its two-hundred day moving average price is €178.86. Linde has a fifty-two week low of €134.80 ($156.74) and a fifty-two week high of €192.85 ($224.24). The firm has a market cap of $101.53 billion and a price-to-earnings ratio of 21.05.
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.
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