Investors Buy Shares of Linde (LIN) on Weakness

Investors bought shares of Linde PLC (NYSE:LIN) on weakness during trading on Tuesday. $83.79 million flowed into the stock on the tick-up and $57.84 million flowed out of the stock on the tick-down, for a money net flow of $25.95 million into the stock. Of all companies tracked, Linde had the 30th highest net in-flow for the day. Linde traded down ($2.29) for the day and closed at $156.93

Several equities analysts have commented on LIN shares. JPMorgan Chase & Co. started coverage on shares of Linde in a report on Friday, November 2nd. They issued an “overweight” rating and a $185.00 target price on the stock. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Barclays started coverage on shares of Linde in a report on Monday, November 5th. They issued an “equal weight” rating and a $178.00 target price on the stock. BMO Capital Markets started coverage on shares of Linde in a report on Tuesday, November 6th. They issued a “market perform” rating on the stock. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Linde in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $181.50.

The firm has a market cap of $45.79 billion, a PE ratio of 26.22, a P/E/G ratio of 1.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.78 and a current ratio of 0.86.

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Linde Company Profile (NYSE:LIN)

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

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