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Linde plc (LIN) 2023 Stock Forecast: Bullish Outlook with 18.78% Upside

Linde plc (NYSE: LIN) is 0.10% higher on its value in year-to-date trading and has touched a low of $262.47 and a high of $347.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LIN stock was last observed hovering at around $328.62 in the last trading session, with the day’s loss setting it -2.13% off its average median price target of $358.50 for the next 12 months. It is also 18.78% off the consensus price target high of $402.00 offered by 32 analysts, but current levels are -7.65% lower than the price target low of $303.28 for the same period.

Currently trading at $326.49, the stock is 0.50% and -1.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing -0.65% at the moment leaves the stock 6.95% off its SMA200. LIN registered 1.50% gain for a year compared to 6-month gain of 14.34%.

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The stock witnessed a -0.74% loss in the last 1 month and extending the period to 3 months gives it a 15.68%, and is -2.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.89% over the week and 1.62% over the month.

Linde plc (LIN) has around 65293 employees, a market worth around $158.82B and $33.76B in sales. Current P/E ratio is 43.22 and Fwd P/E is 25.27. Profit margin for the company is 11.40%. Distance from 52-week low is 24.39% and -6.07% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).

Linde plc (LIN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Linde plc (LIN) is a “Overweight”. 32 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 4 think it is a “Overweight”. 22 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Linde plc is expected to release its quarterly report on 05/12/2023.The EPS is expected to grow by 55.70% this year.

Linde plc (LIN) Top Institutional Holders

The shares outstanding are 497.19M, and float is at 491.66M with Short Float at 0.67%.

Linde plc (LIN) Insider Activity

A total of 22 insider transactions have happened at Linde plc (LIN) in the last six months, with sales accounting for 16 and purchases happening 6 times. The most recent transaction is an insider sale by Hoyt Kelcey E,the company’sPrincipal Accounting Officer. SEC filings show that Hoyt Kelcey E sold 2,932 shares of the company’s common stock on Nov 16 at a price of $333.91 per share for a total of $0.98 million. Following the sale, the insider now owns 6470.0 shares.

Linde plc disclosed in a document filed with the SEC on Nov 14 that Strauss David P (Executive VP, Chief HR Officer) sold a total of 2,166 shares of the company’s common stock. The trade occurred on Nov 14 and was made at $335.61 per share for $0.73 million. Following the transaction, the insider now directly holds 20582.0 shares of the LIN stock.

Still, SEC filings show that on Nov 11, ANGEL STEPHEN F (Director) disposed off 74,227 shares at an average price of $330.51 for $24.53 million. The insider now directly holds 345,877 shares of Linde plc (LIN).

Linde plc (LIN): Who are the competitors?

The company’s main competitors (and peers) include C3.ai Inc. (AI) that is trading -44.67% down over the past 12 months and Air Products and Chemicals Inc. (APD) that is 7.58% higher over the same period. Dow Inc. (DOW) is 0.40% up on the 1-year trading charts.

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