After Citigroup and BMO Capital gave Linde (NYSE: LIN) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Tim Jones maintained a Buy rating on Linde today and set a price target of EUR350.00. The company’s shares closed last Monday at $300.07.
Jones has an average return of 16.8% when recommending Linde.
According to TipRanks.com, Jones is ranked #5404 out of 7995 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Linde with a $345.89 average price target, a 15.1% upside from current levels. In a report issued on July 19, DZ BANK AG also maintained a Buy rating on the stock.
Based on Linde’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.21 billion and net profit of $1.17 billion. In comparison, last year the company earned revenue of $7.58 billion and had a net profit of $841 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is neutral on the stock.
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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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