Linde PLC (LIN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Linde PLC (ETR:LIN) have received a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is €192.00 ($223.26).

Several brokerages have recently commented on LIN. Sanford C. Bernstein restated a “sell” rating on shares of Linde in a report on Wednesday. Deutsche Bank set a €167.00 ($194.19) price objective on shares of Linde and gave the company a “buy” rating in a research note on Thursday, April 4th. Societe Generale reiterated a “buy” rating on shares of Linde in a research note on Wednesday, January 9th. UBS Group reiterated a “buy” rating on shares of Linde in a research note on Monday, February 4th. Finally, Independent Research reiterated a “neutral” rating on shares of Linde in a research note on Thursday, January 24th.

Shares of LIN stock traded up €1.55 ($1.80) during trading hours on Friday, hitting €156.80 ($182.33). The company had a trading volume of 671,081 shares, compared to its average volume of 75,282. The company has a debt-to-equity ratio of 26.79, a quick ratio of 0.72 and a current ratio of 1.33. Linde has a fifty-two week low of €130.75 ($152.03) and a fifty-two week high of €191.80 ($223.02). The firm has a market cap of $44.69 billion and a P/E ratio of 11.96.

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.

Further Reading: Oversold

Analyst Recommendations for Linde (ETR:LIN)

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