Warburg Research Seems to Have Gained Confidence In Linde (ETR:LIN), Upgrades Stocks

Share

Linde (ETR:LIN) Stock Upgrade

In an interesting research report made public on Wednesday morning, expert analysts at the Warburg Research research division boosted shares of Linde (ETR:LIN) to a respectable “Buy” rating. They now have a target price per share set at EUR 160.00 on LIN equating to 13.15% more upside.

From a total of 3 analysts covering Linde (ETR:LIN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is €28 while the lowest target price is €26. The mean of all analyst targets is €27 with a 33.71% above today’s (€141.55) stock price. Linde was the topic of 42 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 27 with “Neutral” rating. Hauck & Aufhäuser Privatbankiers KGaA upgraded shares to “Buy” rating and €224 target share price in a report from an October 29. UBS downgraded LIN stock in a recent report from November 12 to “Sell” rating. Bankhaus Lampe maintained the rating on October 27. Bankhaus Lampe has a “Hold” rating and a €195 price target on shares. Finally, S&P Research downgraded the stock to “Sell” rating in a report issued on an October 29.

The stock decreased 14.34% or EUR 23.7 on December 1, striking EUR 141.55. Approximately 4.37M shares of stock traded hands or 1029.00% up from the average. Linde AG (ETR:LIN) has risen 1.50% since May 23, 2014 and is uptrending. It has outperformed by 3.13% the S&P500.

 Warburg Research Seems to Have Gained Confidence In Linde (ETR:LIN), Upgrades Stocks

Linde AG is a Germany-based company engaged in the gas and engineering sectors. The company has a market cap of 26.78 billion EUR. It operates three divisions: Gases; Engineering , as well as Gist. It has 23.06 P/E ratio. The Gases Division includes Healthcare, producing medical gases; and Tonnage, as its two global business units; as well as the two business areas Merchant and Packaged Gases, offering liquefied and cylinder gases, and Electronics.

COMMENTS: