Kepler Capital Reaffirms Their Buy Rating on Linde (LIN)
Kepler Capital analyst Christian Faitz maintained a Buy rating on Linde (LIN) on October 27 and set a price target of EUR252.00. The company’s shares closed last Tuesday at $249.24.
According to TipRanks.com, Faitz is a 3-star analyst with an average return of 2.4% and a 45.9% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, Clariant AG, and LANXESS.
Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $289.02, which is a 16.5% upside from current levels. In a report issued on October 14, Berenberg Bank also maintained a Buy rating on the stock with a EUR230.00 price target.
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Linde’s market cap is currently $131.5B and has a P/E ratio of 59.70. The company has a Price to Book ratio of 41.04.
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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.