LINDE AG SPON ADR EA REPR 0.10 (LNEGY) Upgraded at Zacks Investment Research
LINDE AG SPON ADR EA REPR 0.10 (NASDAQ:LNEGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “The Linde Group is an engineering company which supplies industrial, process and specialty gases worldwide. The Company’s core operating segments consist of the gases and engineering division. The main gases produced by the Company are acetylene, carbon dioxide, nitrogen, hydrogen, shielding gases for welding applications, noble gases, calibration gas mixtures, high-purity gases and gas mixtures. It also supplies welding and safety products. Lindes’s pharmaceutical and medical gas products and services find their use in clinical care, emergency care, and ventilation therapy and hospital infrastructure. The engineering division focuses on plant engineering for the production of hydrogen and synthesis gas, oxygen and olefins as well as plants for natural gas treatment. The Company’s non core division the gist division operates in a wide range of commercial and industrial sectors including grocery, retail, electronics and gas. . The Linde Group is headquartered in Munich, Germany. “
Separately, Citigroup Inc. upgraded LINDE AG SPON ADR EA REPR 0.10 from a “sell” rating to a “neutral” rating in a report on Monday, September 5th.
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Shares of LINDE AG SPON ADR EA REPR 0.10 (NASDAQ:LNEGY) traded down 2.80% during mid-day trading on Wednesday, reaching $16.50. 310,879 shares of the company traded hands. The stock has a market capitalization of $30.63 billion and a PE ratio of 22.73. The firm has a 50 day moving average of $16.74 and a 200-day moving average of $15.10. LINDE AG SPON ADR EA REPR 0.10 has a 52 week low of $12.94 and a 52 week high of $17.87.
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