Should Investors Be Buying Linde (ETR:LIN) Shares? Commerzbank AG Has Just Upgraded The Stock


Linde (ETR:LIN) Stock Upgrade

Stock analysts at the Commerzbank AG equity research division raised shares of Linde (ETR:LIN) to a Buy on 19 December. Commerzbank AG currently has a target PPS of EUR 150.00 on LIN or 13.59% 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 34.01% above today’s (€131.85) stock price. Linde was the topic of 55 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Baader Wertpapierhandelsbank upgraded shares on December 15 to “Buy” rating. UBS downgraded shares to “Sell” rating and €135 target share price in a report from a December 2. Societe Generale upgraded LIN stock in a recent report from December 9 to “Buy” rating. Warburg Research upgraded the rating on December 2. Warburg Research has a “Buy” rating and a €160 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a December 3.

The stock decreased 0.64% or EUR 0.85 on December 18, striking EUR 131.85. Approximately 1.10M shares of stock traded hands or 42.23% up from the average. Linde AG (ETR:LIN) has risen 1.50% since May 23, 2014 and is uptrending. It has outperformed by 5.31% the S&P500.

 Should Investors Be Buying Linde (ETR:LIN) Shares? Commerzbank AG Has Just Upgraded The Stock

Linde AG is a Germany-based company engaged in the gas and engineering sectors. The company has a market cap of 24.23 billion EUR. It operates three divisions: Gases; Engineering , as well as Gist. It has 21.48 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.