Lineage (NASDAQ:LINE) PT Lowered to $94.00

Lineage (NASDAQ:LINE) had its target price reduced by Scotiabank from $95.00 to $94.00 in a report issued on Monday morning, Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Several other analysts also recently issued reports on the company. Evercore ISI initiated coverage on Lineage in a research note on Monday, August 19th. They issued an inline rating and a $88.00 price target on the stock. KeyCorp initiated coverage on Lineage in a report on Monday, August 19th. They issued an overweight rating and a $92.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Lineage in a report on Monday, August 19th. They issued a hold rating and a $90.00 price objective for the company. Royal Bank of Canada initiated coverage on Lineage in a report on Monday, August 19th. They issued an outperform rating and a $94.00 price objective for the company. Finally, Morgan Stanley initiated coverage on Lineage in a report on Monday, August 19th. They issued an overweight rating and a $100.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $93.87.

Lineage Trading Down 0.9 %

LINE opened at $83.48 on Monday. Lineage has a 1 year low of $80.15 and a 1 year high of $89.85.

Insider Transactions at Lineage

In other news, insider Jeffrey Alvarez Rivera acquired 600 shares of Lineage stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the completion of the acquisition, 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 SEC, which is accessible through this link. In other news, CFO Robert Crisci acquired 10,000 shares of Lineage stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $780,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of Lineage stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $78.00 per share, with a total value of $46,800.00. Following the acquisition, the insider now owns 5,406 shares of the company’s stock, valued at $421,668. The disclosure for this purchase can be found here. Insiders bought a total of 12,150 shares of company stock worth $947,700 over the last quarter. Company insiders own 1.40% of the company’s stock.

Lineage Company Profile

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.