UBS Believes Linde plc (NYSE: LIN) Still Has Room to Grow

By Ryan Adsit

UBS analyst Andrew Stott maintained a Buy rating on Linde plc (LINResearch Report) yesterday. The company’s shares opened today at $203.98, close to its 52-week high of $204.76.

Stott has an average return of 22.3% when recommending Linde plc.

According to TipRanks.com, Stott is ranked #1944 out of 5238 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Linde plc with a $208.33 average price target, a 2.1% upside from current levels. In a report issued on July 9, KeyBanc also reiterated a Buy rating on the stock with a $220 price target.

See today’s analyst top recommended stocks >>

Based on Linde plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.94 billion and net profit of $517 million. In comparison, last year the company earned revenue of $3.06 billion and had a net profit of $480 million.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.