Rating Reporting: Linde (ETR:LIN) Was Upgraded by Kepler Cheuvreux to “Buy”

November 30, 2016 - By Linda Rogers

Rating Reporting:  Linde (ETR:LIN) Was Upgraded by Kepler Cheuvreux to

Linde (ETR:LIN) Upgrade

Linde (ETR:LIN) was upgraded by Kepler Cheuvreux to a “Buy” rating in a a note issued to investors and clients on Wednesday, 30 November. The firm now has EUR 171.00 PT on the stock. Kepler Cheuvreux’s target is 13.92% from LIN’s last price.

Linde AG (ETR:LIN) Ratings Coverage

Out of 24 analysts covering Linde (ETR:LIN), 12 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 50% are positive. €225 is the highest target while €107 is the lowest. The €152.45 average target is -4.75% below today’s (€160.05) stock price. Linde has been the topic of 151 analyst reports since July 17, 2015 according to StockzIntelligence Inc. Baader Wertpapierhandelsbank upgraded Linde AG (ETR:LIN) on Wednesday, September 28 to “Buy” rating. As per Wednesday, December 2, the company rating was downgraded by Kepler Cheuvreux. The rating was maintained by Bankhaus Lampe on Thursday, July 30 with “Hold”. The stock of Linde AG (ETR:LIN) has “Hold” rating given on Saturday, January 16 by Independent Research. Equinet maintained the stock with “Neutral” rating in Friday, August 19 report. BNP Paribas maintained Linde AG (ETR:LIN) rating on Wednesday, June 1. BNP Paribas has “Neutral” rating and €140 price target. Kepler Cheuvreux upgraded it to “Buy” rating and €171 target price in Wednesday, November 30 report. The firm earned “Neutral” rating on Thursday, August 4 by BNP Paribas. The stock of Linde AG (ETR:LIN) earned “Neutral” rating by BNP Paribas on Thursday, October 6. Independent Research maintained the stock with “Hold” rating in Wednesday, December 2 report.

About 1.19M shares traded hands or 174.56% up from the average. Linde AG (ETR:LIN) has risen 21.12% since May 3, 2016 and is uptrending. It has outperformed by 15.89% the S&P500.

Linde AG is a Germany-based gas and engineering firm that operates through three divisions: Gases, Engineering and Other. The company has a market cap of 29.73 billion EUR. The Gases segment offers a wide range of compressed and liquefied -gases, as well as chemicals to various industries, including energy, steel production, chemical processing, environmental protection and welding, as well as in food processing, glass production and electronics. It has a 24.08 P/E ratio. The Engineering division offers planning, project development and construction of turnkey industrial plants, such as petrochemical and chemical plants, refineries, fertilizer plants, as well as olefin, natural gas, air separation, hydrogen and synthesis gas plants.

More important recent Linde AG (ETR:LIN) news were published by: Streetinsider.com which released: “Praxair (PX) Confirmed it Approached Linde AG about Resuming Merger Discussions” on November 29, 2016, also Reuters.com published article titled: “BRIEF-Praxair confirms it has approached Linde AG about resuming discussio…”, Cnbc.com published: “Praxair in deal talks with Germany’s Linde AG” on August 16, 2016. More interesting news about Linde AG (ETR:LIN) was released by: Streetinsider.com and their article: “UPDATE: Linde AG Says CEO Not Available for Second Term” with publication date: September 13, 2016.

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