Kepler Capital analyst Martin Roediger maintained a Buy rating on Linde (LIN) on November 2 and set a price target of EUR252.00. The company’s shares closed last Tuesday at $249.24.
According to TipRanks.com, Roediger is a 3-star analyst with an average return of 3.8% and a 54.8% success rate. Roediger covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, Clariant AG, and LANXESS.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Linde with a $289.02 average price target, implying a 16.5% upside from current levels. In a report issued on October 19, UBS also maintained a Buy rating on the stock with a EUR235.00 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 billion and had a net profit of $735 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.
