Linde (ETR:LIN) was Downgraded at Bernstein Research to “Underperform” Rating. The Target is Set to EUR 115.00

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Bernstein Analyst Rating Change Linde ETR:LIN

Linde (ETR:LIN) Rating Cut

In a report revealed to investors on 13 October, Bernstein Research decreased shares of Linde (ETR:LIN) to “Underperform” rating. Bernstein Research currently has a EUR 115.00 target price per share on the stock. The firm target price per share means a potential downside of -21.21 % from Linde (ETR:LIN)’s last price.

The firm’s rating downgrade is probably noticed by stock investors, as ETR:LIN is now trading -0.61% lower at EUR 146.00 as of 19:54 Frankfurt time. Linde’s stock is up 15.74% over the past 200 days. It has outperformed the S&P 500, which has increased 2.61% over the same time period.

ETR:LIN Price Chart & Trend

The stock price of Linde has risen 15.74% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Linde is up 13.49% and up 10.48%, respectively. Our stocks momentum model is shown on the price chart below. Linde (ETR:LIN) was Downgraded at Bernstein Research to "Underperform" Rating. The Target is Set to EUR 115.00

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

LIN Stock Chart

Linde (ETR:LIN) Profile

Linde AG is a Germany-based gas and engineering company that operates through three segments: Gases, Engineering and Other. The Gases segment offers a wide range of compressed and liquefied -gases, as well as chemicals to various industries, including energy, steel production, chemical processing, environmental protection and welding, as well as in food processing, glass production and electronics. The Engineering division offers planning, project development and construction of turnkey industrial plants, such as petrochemical and chemical plants, refineries, fertilizer plants, as well as olefin, natural gas, air separation, hydrogen and synthesis gas plants.

Linde (ETR:LIN) traded down -0.61% on 13 October, hitting EUR 146. A total of 486,937 shares of the company’s stock traded hands. This is down from average of 649,594 shares. Linde has a 52 week low of EUR 113.50 and a 52 week high of EUR 169.7. The company has a market cap of 27.12 billion EUR and a P/E ratio of 22.57.

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