Linde (ETR:LIN) received a €150.00 ($174.42) price target from investment analysts at Baader Bank in a report released on Tuesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the basic materials company’s stock. Baader Bank’s price target indicates a potential downside of 14.24% from the company’s previous close.
A number of other brokerages have also commented on LIN. Nord/LB reaffirmed a “neutral” rating on shares of Linde in a research note on Tuesday, August 6th. UBS Group set a €192.00 ($223.26) price target on Linde and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, June 21st. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research note on Monday, August 5th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Linde in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of €190.64 ($221.68).
Shares of LIN stock opened at €174.90 ($203.37) on Tuesday. The stock has a fifty day moving average of €170.18 and a 200 day moving average of €167.26. Linde has a 52 week low of €130.75 ($152.03) and a 52 week high of €191.80 ($223.02). The firm has a market capitalization of $51.47 billion and a price-to-earnings ratio of 18.07. 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 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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