Linde (LIN): New Buy Recommendation for This Energy Giant
In a report released today, Peter Spengler from DZ BANK AG maintained a Buy rating on Linde (LIN). The company’s shares closed last Thursday at $249.76, close to its 52-week high of $260.49.
Spengler has an average return of 15.8% when recommending Linde.
According to TipRanks.com, Spengler is ranked #2063 out of 7028 analysts.
Currently, the analyst consensus on Linde is a Moderate Buy with an average price target of $280.56, which is a 12.3% upside from current levels. In a report issued on October 23, UBS also maintained a Buy rating on the stock with a EUR235.00 price target.
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The company has a one-year high of $260.49 and a one-year low of $146.71. Currently, Linde has an average volume of 1.73M.
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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.