Independent Research analyst Sven Diermeier upgraded Linde (LIN) to Buy today and set a price target of EUR235.00. The company’s shares closed last Monday at $257.34, close to its 52-week high of $274.58.
According to TipRanks.com, Diermeier is ranked #6607 out of 7291 analysts.
Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $291.16, representing a 12.4% upside. In a report issued on January 25, UBS also maintained a Buy rating on the stock with a EUR255.00 price target.
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Based on Linde’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.86 billion and net profit of $700 million. In comparison, last year the company earned revenue of $7.08 billion and had a net profit of $511 million.
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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.
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