Societe Generale Believes Linde plc (NYSE: LIN) Won’t Stop Here

By Jason Carr

Societe Generale analyst Peter Clark maintained a Buy rating on Linde plc (LINResearch Report) today. The company’s shares opened today at $180.14, close to its 52-week high of $185.92.

Clark has an average return of 14.6% when recommending Linde plc.

According to TipRanks.com, Clark is ranked #2523 out of 5182 analysts.

Linde plc has an analyst consensus of Moderate Buy, with a price target consensus of $192.46, a 6.8% upside from current levels. In a report issued on April 4, Deutsche Bank also maintained a Buy rating on the stock with a $167 price target.

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Based on Linde plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.82 billion and net profit of $2.98 billion. In comparison, last year the company earned revenue of $3 billion and had a net profit of $462 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

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Linde Plc engages in the production of industrial gas. It operates through the following segments: Americas; EMEA (Europe/Middle East/Africa); APAC (Asia/Pacific), Engineering, and Other. The company was founded on April 18, 2017 and is headquartered in Surrey, the United Kingdom.