Linde plc (LIN) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Linde plc (LIN), a leading industrial gas company based in Woking, United Kingdom, boasts a global footprint spanning the Americas, Europe, the Middle East, Africa, Asia, and the South Pacific. Established in 1879, Linde specializes in producing and supplying atmospheric and process gases including oxygen, nitrogen, helium, and hydrogen. The company caters to diverse sectors such as healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. As a significant player in the specialty chemicals industry, Linde plc has been publicly traded since 1992. With total revenue reported at approximately $32.82 billion, Linde demonstrates strong financial performance bolstered by its competitive positioning and market presence.
Investment Outlook and Price Targets
The current market price of Linde’s stock is $471.91, with analysts projecting a target high price of $550.00, indicating substantial upside potential. The target mean price stands at roughly $490.99, reflecting a moderately bullish sentiment among analysts. The robust financials, evidenced by the low short-selling interest (just 0.011% of float shares), indicate investor confidence, further endorsed by the mean recommendation score of 2.2 based on 23 analyst opinions. This outlook underscores a favorable opportunity for investors, with a clear “buy” recommendation boosted by Linde’s capability to leverage market opportunities effectively.
Performance Metrics
Linde’s stock performance illustrates a positive trajectory, currently sitting near its fifty-two week high of $479.79. With a notable gain from its fifty-two week low of $361.02, the stock has demonstrated significant appreciation over the past year. Additionally, the fifty-day moving average at $457.32 indicates that the current price exceeds this average, showcasing robust momentum and continued investor confidence in Linde’s growth prospects. Overall, the analysis affirms that Linde plc represents a sound investment for those seeking exposure in the industrial gas sector.
| Metric | Value |
|---|---|
| Market Cap | $225.3b |
| Total Debt | $21.5b |
| Total Cash | $4.6b |
| Shares Outstanding | 477.5m |
| Float Shares | 475.9m |
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