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DZ BANK AG Keeps a Buy Rating on Linde (LIN)

DZ BANK AG analyst Peter Spengler maintained a Buy rating on Linde (LINResearch Report) today. The company’s shares closed last Monday at $293.51.

Spengler has an average return of 20.3% when recommending Linde.

According to TipRanks.com, Spengler is ranked #1409 out of 7791 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Linde with a $377.86 average price target, implying a 28.4% upside from current levels. In a report issued on February 11, BMO Capital also maintained a Buy rating on the stock with a $405.00 price target.

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Based on Linde’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.3 billion and net profit of $1.03 billion. In comparison, last year the company earned revenue of $7.27 billion and had a net profit of $770 million.

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Founded in 2017, UK-based Linde Plc is a leading global industrial gases and engineering company. The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde generates revenues through the following segments: Americas, EMEA (Europe, Middle East & Africa), APAC (Asia Pacific), Engineering and Others.

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