In a report released yesterday, Asad Farid from Berenberg Bank maintained a Buy rating on Linde (LIN), with a price target of EUR215.00. The company’s shares closed last Tuesday at $183.09.
According to TipRanks.com, Farid is ranked #3659 out of 6546 analysts.
Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $211.96, which is a 14.5% upside from current levels. In a report issued on May 7, Baader Bank also maintained a Buy rating on the stock with a EUR165.00 price target.
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Based on Linde’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.74 billion and net profit of $573 million. In comparison, last year the company earned revenue of $6.94 billion and had a net profit of $517 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LIN in relation to earlier this year.
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Linde Plc engages in the production and distribution of industrial gases. It operates through the following segments: North America, Europe, South America, Asia, Surface Technologies, and Linde AG. Its primary products include atmospheric and process gases. The firm also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. The company was founded on April 18, 2017 and is headquartered in Guildford, the United Kingdom.
