Jefferies analyst Laurence Alexander maintained a Buy rating on Linde (LIN – Research Report) today and set a price target of $485.00. The company’s shares closed last Friday at $423.60.
According to TipRanks, Alexander is a 3-star analyst with an average return of 1.7% and a 53.48% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Eastman Chemical, Albemarle, and Linde.
In addition to Jefferies, Linde also received a Buy from Mizuho Securities’s John Roberts CFA in a report issued on May 3. However, on the same day, Seaport Global maintained a Hold rating on Linde (NASDAQ: LIN).
LIN market cap is currently $203.6B and has a P/E ratio of 32.87.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LIN in relation to earlier this year. Most recently, in March 2024, Juergen Nowicki, the Executive VP, Engineering of LIN sold 13,134.00 shares for a total of $6,030,381.88.
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Linde (LIN) Company Description:
Founded in 2017, UK-based Linde Plc is a leading global industrial gases and engineering company. The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde generates revenues through the following segments: Americas, EMEA (Europe, Middle East & Africa), APAC (Asia Pacific), Engineering and Others.
