In a report released today, Laurence Alexander from Jefferies assigned a Buy rating to Linde (LIN), with a price target of $320.00. The company’s shares closed last Friday at $281.40, close to its 52-week high of $281.88.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 14.7% and a 68.4% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Eastman Chemical, and LyondellBasell.
Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $293.88, implying a 4.4% upside from current levels. In a report issued on March 15, Baader Bank also maintained a Buy rating on the stock with a EUR238.00 price target.
See today’s analyst top recommended stocks >>
Based on Linde’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.27 billion and net profit of $770 million. In comparison, last year the company earned revenue of $7.08 billion and had a net profit of $511 million.
Based on the recent corporate insider activity of 19 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on LIN: