The rating indicates that the company is a moderate default risk.
Linde AG has earned a “BBB+” credit rating from Morningstar. The research firm’s “BBB+” rating indicates that the company is a moderate default risk. They also gave their stock a three star rating.
Shares of Linde AG traded up 1.099% during mid-day trading on Wednesday, hitting €172.171. The stock had a trading volume of 1,454 shares. Linde AG has a 1-year low of €142.51 and a 1-year high of €195.00. The stock’s 50-day moving average is €173.86 and its 200-day moving average is €174.40.
Linde AG is a Germany-based company engaged in the gas and engineering sectors. It operates three divisions: Gases; Engineering, as well as Gist. The Gases Division includes Healthcare, producing medical gases; and Tonnage, as its two global business units; as well as the two business areas Merchant and Packaged Gases, offering liquefied and cylinder gases, and Electronics. The Company’s products are used in the energy sector, for 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 used in fields, such as petrochemical and chemical industries, in refineries and fertilizer plants, to recover air gases, to produce hydrogen and synthesis gases, to treat natural gas, and in the pharmaceutical industry. The Gist division covers logistics services of the Company’s subsidiary Gist.