Lineage (NASDAQ:LINE) Now Covered by Evercore ISI

Equities research analysts at Evercore ISI began coverage on shares of Lineage (NASDAQ:LINE) in a research note issued on Monday, Marketbeat.com reports. The brokerage set an “inline” rating and a $88.00 price target on the stock. Evercore ISI’s target price would suggest a potential upside of 1.95% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Scotiabank assumed coverage on shares of Lineage in a report on Monday. They issued a “sector outperform” rating and a $95.00 price target on the stock. UBS Group began coverage on shares of Lineage in a research note on Monday. They issued a “neutral” rating and a $88.00 target price for the company. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.60.

Lineage Price Performance

Shares of LINE stock opened at $86.32 on Monday. Lineage has a 1-year low of $80.15 and a 1-year high of $89.85.

Insider Activity

In other news, CFO Robert Crisci bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $78.00 per share, with a total value of $780,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $780,000. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other Lineage news, Director Nancy Joy Falotico acquired 1,300 shares of the company’s stock in a transaction dated 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 acquisition, the director now directly owns 2,452 shares of the company’s stock, valued at $191,256. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert Crisci bought 10,000 shares of Lineage 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 $780,000.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $780,000. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 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.