Lineage (NASDAQ:LINE) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Lineage (NASDAQ:LINE) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $94.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Lineage from $86.00 to $89.00 and gave the stock an equal weight rating in a research report on Wednesday, August 28th. Evercore ISI lifted their price objective on Lineage from $88.00 to $90.00 and gave the stock an in-line rating in a report on Wednesday, August 28th. Mizuho assumed coverage on Lineage in a report on Monday, August 19th. They issued a neutral rating and a $86.00 target price on the stock. Baird R W upgraded Lineage to a strong-buy rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lineage in a research note on Monday, August 19th. They issued a hold rating and a $90.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lineage has an average rating of Moderate Buy and an average target price of $93.87.

Lineage Price Performance

Shares of LINE stock opened at $83.13 on Tuesday. Lineage has a 52 week low of $80.15 and a 52 week high of $89.85. The company has a market capitalization of $20.25 billion and a PE ratio of -6.08.

Insider Transactions at Lineage

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

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.