Linde (ETR:LIN) Receives “Buy” Rating from JPMorgan Chase & Co.

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JPMorgan Chase & Co. reissued their buy rating on shares of Linde (ETR:LIN) in a research report report published on Wednesday, Borsen Zeitung reports.

Other equities analysts have also recently issued research reports about the stock. DZ Bank reissued a buy rating and issued a price target on shares of Linde in a research report on Tuesday. Nord/LB set a €171.00 ($198.84) price target on shares of Linde and gave the company a neutral rating in a research report on Tuesday. Deutsche Bank reissued a buy rating and issued a price target (up previously from ) on shares of Linde in a research report on Tuesday, August 6th. Independent Research reissued a neutral rating on shares of Linde in a research report on Tuesday, August 6th. Finally, UBS Group set a €192.00 ($223.26) price target on shares of Linde and gave the company a buy rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of €176.00 ($204.65).

Linde stock traded up €0.60 ($0.70) during trading on Wednesday, hitting €189.45 ($220.29). The company had a trading volume of 588,205 shares, compared to its average volume of 75,282. Linde has a 1-year low of €130.75 ($152.03) and a 1-year high of €184.80 ($214.88). The company has a current ratio of 1.02, a quick ratio of 0.73 and a debt-to-equity ratio of 28.21. The company’s 50 day simple moving average is €176.72 and its 200-day simple moving average is €173.03. The stock has a market cap of $103.67 billion and a price-to-earnings ratio of 19.58.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

See Also: Golden Cross

Analyst Recommendations for Linde (ETR:LIN)

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