Sanford C. Bernstein Reiterates €171.00 Price Target for Linde (LIN)
Linde (ETR:LIN) has been given a €171.00 ($203.57) price objective by equities researchers at Sanford C. Bernstein in a research report issued on Monday. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Sanford C. Bernstein’s target price would indicate a potential downside of 11.44% from the stock’s current price.
Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a €212.00 ($252.38) price objective on Linde and gave the company a “neutral” rating in a research report on Monday. Deutsche Bank set a €227.00 ($270.24) target price on shares of Linde and gave the company a “buy” rating in a report on Thursday, January 4th. Jefferies Group set a €244.00 ($290.48) target price on shares of Linde and gave the company a “buy” rating in a report on Tuesday, January 2nd. Baader Bank reiterated a “buy” rating on shares of Linde in a report on Thursday, December 14th. Finally, Nord/LB set a €156.00 ($185.71) target price on shares of Linde and gave the company a “sell” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Linde currently has a consensus rating of “Hold” and a consensus target price of €190.42 ($226.69).
Shares of Linde (ETR:LIN) opened at €193.10 ($229.88) on Monday. The firm has a market capitalization of $35,870.00 and a P/E ratio of 32.08. Linde has a 12-month low of €145.60 ($173.33) and a 12-month high of €194.40 ($231.43).
Linde Aktiengesellschaft operates as a gases and engineering company worldwide. The companys Gases division offers a range of compressed and liquefied gases, and chemicals for use in steel and glass production, chemical and food processing, environmental protection, welding, and electronics industries, as well as in the energy sector.
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