Linde (ETR:LIN) Stock Upgrade
The equities rating of Linde (ETR:LIN) shares was boosted by stock research analysts at Baader Wertpapierhandelsbank to a respectable Buy rating in an analyst research report released on 3 December. The firm Baader Wertpapierhandelsbank has a EUR 185.00 target PPS on the stock. Baader Wertpapierhandelsbank’s target PPS would possibly suggest a possible upside of 34.50%.
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 32.09% above today’s (€137.5) stock price. Linde was the topic of 47 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 2 to “Buy” rating. Credit Suisse maintained shares with “Neutral” rating and €180 target share price in a report from a November 27. UBS downgraded LIN stock in a recent report from December 2 to “Sell” rating. S&P Research downgraded the rating on October 29. S&P Research has a “Sell” rating and a €135 price target on shares. Finally, Kepler Cheuvreux downgraded the stock to “Reduce” rating in a report issued on a December 2.
The stock decreased 2.86% or EUR 4.05 on December 2, striking EUR 137.5. Approximately 2.02 million shares of stock traded hands or 398.62% up from the average. Linde AG (ETR:LIN) has risen 1.50% since May 23, 2014 and is uptrending. It has outperformed by 1.70% the S&P500.
Linde AG is a Germany-based company engaged in the gas and engineering sectors. The company has a market cap of 25.54 billion EUR. It operates three divisions: Gases; Engineering , as well as Gist. It has 22.4 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.