The Goldman Sachs Group Initiates Coverage on Lineage (NASDAQ:LINE)

Equities researchers at The Goldman Sachs Group assumed coverage on shares of Lineage (NASDAQ:LINE) in a note issued to investors on Monday, Marketbeat reports. The firm set a “buy” rating and a $105.00 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 21.64% from the company’s current price.

Several other research firms also recently weighed in on LINE. Truist Financial began coverage on shares of Lineage in a research report on Monday. They set a “buy” rating and a $94.00 price target for the company. Evercore ISI began coverage on shares of Lineage in a research note on Monday. They set an “inline” rating and a $88.00 price objective for the company. Morgan Stanley began coverage on shares of Lineage in a research note on Monday. They set an “overweight” rating and a $100.00 price objective for the company. Wells Fargo & Company began coverage on shares of Lineage in a research note on Monday. They set an “equal weight” rating and a $86.00 price objective for the company. Finally, Mizuho began coverage on shares of Lineage in a research note on Monday. They set a “neutral” rating and a $86.00 price objective for the company. Four investment 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 company’s stock. According to data from MarketBeat.com, Lineage currently has a consensus rating of “Moderate Buy” and an average price target of $93.60.

Lineage Stock Performance

LINE opened at $86.32 on Monday. Lineage has a twelve month low of $80.15 and a twelve month high of $89.85.

Insider Activity

In related news, CFO Robert Crisci acquired 10,000 shares of the 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 transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $780,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Robert Crisci acquired 10,000 shares of the 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 transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $780,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were 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 disclosure for this purchase can be found here. Insiders bought a total of 12,150 shares of company stock valued at $947,700 in the last 90 days. 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.