Morgan Stanley Believes Linde (LIN) Still Has Room to Grow
Morgan Stanley analyst Vincent Andrews maintained a Buy rating on Linde (LIN) yesterday and set a price target of $281.00. The company’s shares closed last Tuesday at $261.34, close to its 52-week high of $269.78.
According to TipRanks.com, Andrews is a 3-star analyst with an average return of 4.4% and a 72.4% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Archer Daniels Midland.
Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $282.84, implying a 7.7% upside from current levels. In a report issued on November 5, Baader Bank also maintained a Buy rating on the stock with a EUR225.00 price target.
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The company has a one-year high of $269.78 and a one-year low of $146.71. Currently, Linde has an average volume of 1.74M.
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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.