LinnCo Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:LNCO)
LinnCo (NASDAQ:LNCO) has been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, Stock Ratings News reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts 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.
Shares of LinnCo (NASDAQ:LNCO) opened at 31.45 on Thursday. 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 $30.17 and a 200-day moving average of $29.. The company’s market cap is $4.043 billion.
The company also recently declared a sep 14 dividend, which is scheduled for Friday, September 12th. Investors of record on Monday, September 8th will be given a dividend of $0.2416 per share. The ex-dividend date of this dividend is Thursday, September 4th.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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