In a report issued on May 6, Peter Spengler from DZ BANK AG maintained a Buy rating on Linde (LIN). The company’s shares closed last Friday at $301.17, close to its 52-week high of $303.87.
Spengler has an average return of 25.5% when recommending Linde.
According to TipRanks.com, Spengler is ranked #1148 out of 7510 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Linde with a $325.73 average price target, implying an 8.7% upside from current levels. In a report issued on April 23, Kepler Capital also maintained a Buy rating on the stock with a EUR270.00 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 $7.24 billion and net profit of $980 million. In comparison, last year the company earned revenue of $6.74 billion and had a net profit of $573 million.
Based on the recent corporate insider activity of 20 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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Founded in 2017, UK-based Linde Plc is a leading global industrial gases and engineering company. The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde generates revenues through the following segments: Americas, EMEA (Europe, Middle East & Africa), APAC (Asia Pacific), Engineering and Others.