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HSBC Securities downgraded Linde Group (OTC:LNEGY) from Buy to Hold in a report released today.

HSBC Securities has downgraded Linde Group (OTC:LNEGY) from Buy to Hold in a report released on Monday November 13, 2017.

Yesterday Linde Group (OTC:LNEGY) traded -0.21% lower at $21.51. The company’s 50-day moving average is $19.74 and its 200-day moving average is $18.87. The last stock close price is up 15.35% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 11,758 shares of the stock were exchanged, down from an average trading volume of 287,342

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Linde Group (OTC:LNEGY)

Linde Group has a price-earnings ratio of 29.98 with a one year low of $15.63 and a one year high of $21.92 LNEGY’s total market value is presently $0.

Brief Synopsis About Linde Group (OTC:LNEGY)

Linde Aktiengesellschaft operates as a gases and engineering company worldwide. The companyÂ’s Gases division offers a range of compressed and liquefied gases, and chemicals for use in steel and glass production, chemical and food processing, environmental protection, welding, and electronics industries, as well as in the energy sector. It also produces and distributes oxygen, nitrogen, argon, hydrogen, acetylene, carbon monoxide, carbon dioxide, shielding gases, noble gases, and high-purity specialty gases for use in industry, commerce, science, and research sectors, as well as develops and distributes procedures and systems for gas applications. In addition, this division offers medical gases and services to the healthcare industry; and support services, technical equipment, and safety products, as well as develops hydrogen technology. Its Engineering division provides planning, project development, and construction services with a focus on market segments, such as olefin plants, natural gas plants, air separation plants, and hydrogen and synthesis gas plants. This divisionÂ’s plants are used in various fields, including the petrochemical and chemical industries; in refineries and fertilizer plants; to recover air gases; to produce hydrogen and synthesis gases; to treat natural gas; and to produce noble gases. Linde Aktiengesellschaft was founded in 1879 and is headquartered in Munich, Germany.

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