Lineage (NASDAQ:LINE) Research Coverage Started at Scotiabank

Scotiabank initiated coverage on shares of Lineage (NASDAQ:LINE) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage issued a sector outperform rating and a $95.00 price target on the stock.

Separately, UBS Group assumed coverage on shares of Lineage in a research report on Monday. They set a neutral rating and a $88.00 price target for the company. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $93.60.

Lineage Trading Down 2.4 %

Shares of LINE opened at $84.42 on Monday. Lineage has a twelve month low of $80.15 and a twelve month high of $89.85.

Insider Transactions at Lineage

In related news, insider Jeffrey Alvarez Rivera bought 600 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, with a total value of $46,800.00. Following the transaction, the insider now owns 5,406 shares in the company, valued at approximately $421,668. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Lineage news, insider Jeffrey Alvarez Rivera purchased 600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of $78.00 per share, with a total value of $46,800.00. Following the transaction, the insider now directly owns 5,406 shares in the company, valued at approximately $421,668. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy Joy Falotico purchased 1,300 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, with a total value of $101,400.00. Following the completion of the transaction, the director now owns 2,452 shares in the company, valued at $191,256. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 12,150 shares of company stock valued at $947,700. Company insiders own 1.40% of the company’s stock.

About Lineage

Our purpose is to transform the global food supply chain to eliminate waste and help feed the world. Built with the vision of creating a more sustainable future, we are a leading mission-critical, temperature-controlled infrastructure provider for the storage, handling and movement of food around the world.