Linde (ETR:LIN) has been assigned a €230.00 ($273.81) target price by UBS Group in a research note issued on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential upside of 23.09% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. Bank of America set a €240.00 ($285.71) price target on Linde and gave the stock a “buy” rating in a research note on Thursday, January 11th. Deutsche Bank set a €227.00 ($270.24) price target on Linde and gave the stock a “buy” rating in a research note on Thursday, January 11th. Sanford C. Bernstein set a €171.00 ($203.57) price target on Linde and gave the stock a “neutral” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. set a €212.00 ($252.38) price target on Linde and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, Jefferies Group set a €244.00 ($290.48) price target on Linde and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €192.26 ($228.88).
Shares of Linde (LIN) traded down €1.35 ($1.61) during mid-day trading on Monday, hitting €186.85 ($222.44). The company had a trading volume of 41,322 shares, compared to its average volume of 117,987. Linde has a 52-week low of €145.60 ($173.33) and a 52-week high of €198.50 ($236.31). The company has a market cap of $34,700.00 and a price-to-earnings ratio of 31.04.
Linde Company Profile
Linde Aktiengesellschaft operates as a gases and engineering company worldwide. The companys Gases division offers a range of compressed and liquefied gases, and chemicals for use in steel and glass production, chemical and food processing, environmental protection, welding, and electronics industries, as well as in the energy sector.
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