Linde (ETR:LIN) Given a €149.85 Price Target at Sanford C. Bernstein
Sanford C. Bernstein set a €149.85 ($174.24) price target on Linde (ETR:LIN) in a research report report published on Thursday, Borsen Zeitung reports. The brokerage currently has a sell rating on the basic materials company’s stock.
Other analysts also recently issued research reports about the company. Jefferies Financial Group reiterated a buy rating on shares of Linde in a research note on Thursday. Berenberg Bank set a €210.00 ($244.19) price target on Linde and gave the company a buy rating in a research note on Tuesday, January 14th. HSBC reiterated a neutral rating on shares of Linde in a research note on Tuesday, December 3rd. Goldman Sachs Group set a €195.00 ($226.74) price target on Linde and gave the company a neutral rating in a research note on Monday, February 3rd. Finally, Deutsche Bank set a €220.00 ($255.81) price target on Linde and gave the company a buy rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of €192.90 ($224.30).
ETR:LIN traded down €0.30 ($0.35) during mid-day trading on Thursday, hitting €205.10 ($238.49). 627,263 shares of the company’s stock traded hands, compared to its average volume of 75,282. The company has a debt-to-equity ratio of 27.59, a quick ratio of 0.62 and a current ratio of 0.90. The company has a fifty day moving average of €190.63 and a 200 day moving average of €180.74. The company has a market capitalization of $110.17 billion and a P/E ratio of 22.68. Linde has a twelve month low of €145.50 ($169.19) and a twelve month high of €200.60 ($233.26).
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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