Citigroup Reiterates Buy Rating on Linde plc with $600 Price Target
Citigroup maintains a Buy rating on Linde plc, setting a $600 price target, a 15.47% upside from the current price.
Key Points
- On June 24, 2026, Citigroup reiterated its Buy rating for Linde plc (NASDAQ: LIN) with a price target of $600.
- Citigroup's $600 price target implies 15.47% upside from Linde plc's ($LIN) current $519.62 share price.
- Linde plc shares were trading around $512.26 on Thursday, with a market cap of approximately $238.9 billion and a P/E ratio of 34.31.
- Linde insiders, including SVP Stefanos Innocenzi, were active in recent transactions, and Citigroup's action aligns with other analysts maintaining Buy ratings.
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Citigroup has reiterated its Buy rating for Linde plc (NASDAQ: LIN), setting a price target of $600. This update came on June 24, 2026, from analyst Patrick Cunningham. Shares of Linde traded near $512.26 on Thursday, reflecting the market's response to the ongoing positive sentiment.
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Linde plc Stock Up 6.2%
Shares of Linde plc, trading under the ticker LIN on NasdaqGS, were priced around $512.26 on Thursday. The company has a market capitalization of approximately $238.9 billion and a P/E ratio of 34.31, suggesting that investors are willing to pay a premium for its earnings. Linde's stock has seen a 52-week low of $387.78 and a high of $525.87, with a 50-day moving average of $505.90 and a 200-day moving average of $467.49. The company's beta of 0.732 indicates lower volatility compared to the market.
$LIN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent earnings report, Linde plc reported revenue of $34.65 billion, showcasing a growth rate of 8.2%. The company's net margin stood at 20.4%, and its return on equity was 18.2%. Earnings per share came in at $15.06. Investors are looking forward to the next earnings release on July 31, 2026.
Insider Buying and Selling at Linde plc
Recent insider activity at Linde plc includes several transactions by Stefanos Innocenzi, Senior Vice President of Linde Engineering. On June 8, 2026, Innocenzi sold 2,062 shares at an average price of $507.90 and bought 4,035 shares, with no specific price disclosed, on the same day. Additionally, Robert Wood sold 4,335 shares on May 15 at $506.39 and 880 shares on May 14 at $508.76.
Analysts Set New Price Targets
Citigroup maintained its Buy rating for Linde on June 24, 2026, with a price target of $600. This aligns with other recent analyst actions, including RBC Capital maintaining a Buy rating with a $570 target on May 5, 2026, and JP Morgan setting a $530 target on May 4, 2026. The consensus among 25 analysts is a Buy, with an average target price of $545.44.
About Linde plc
Linde plc, headquartered in Woking, United Kingdom, is a global leader in the industrial gases sector. The company provides a wide array of gases such as oxygen, nitrogen, and hydrogen, and is involved in the design and construction of gas processing plants. Under the leadership of CEO Sanjiv Lamba, Linde serves various industries, including healthcare, manufacturing, and electronics. With a workforce of over 65,000 employees, Linde continues to expand its operations worldwide.
Bottom Line
Citigroup's reiteration of a Buy rating and a $600 price target for Linde plc underscores the positive outlook that analysts have for the company. Investors track these ratings closely as they provide insights into potential stock performance. It's important to note that analyst ratings are based on past performance and projections, and actual results may vary.
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