LinnCo Given Average Recommendation of “Buy” by Analysts (NASDAQ:LNCO)
LinnCo (NASDAQ:LNCO) has received an average rating of “Buy” from the seven brokerages that are presently covering the company, Analyst RN reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.10.
A number of research firms have recently commented on LNCO. Analysts at Zacks upgraded shares of LinnCo from an “underperform” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $31.20 price target on the stock.
LinnCo (NASDAQ:LNCO) traded up 0.10% during mid-day trading on Thursday, hitting $31.2699. The stock had a trading volume of 223,816 shares. LinnCo has a 1-year low of $25.79 and a 1-year high of $34.94. The stock has a 50-day moving average of $30.14 and a 200-day moving average of $29.16. The company’s market cap is $4.020 billion.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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