Morgan Stanley Believes Linde (LIN) Won’t Stop Here

Stock Market

Morgan Stanley analyst Charlie Webb maintained a Buy rating on Linde (LINResearch Report) today. The company’s shares closed last Friday at $313.43, close to its 52-week high of $316.29.

According to TipRanks.com, Webb is ranked #1282 out of 7641 analysts.

Linde has an analyst consensus of Strong Buy, with a price target consensus of $345.01, a 9.7% upside from current levels. In a report issued on August 26, Kepler Capital also maintained a Buy rating on the stock with a EUR330.00 price target.

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Linde’s market cap is currently $161.9B and has a P/E ratio of 50.30. The company has a Price to Book ratio of 44.19.

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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.

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