Lineage (NASDAQ:LINE) Coverage Initiated at Piper Sandler

Equities research analysts at Piper Sandler initiated coverage on shares of Lineage (NASDAQ:LINE) in a report released on Monday, Marketbeat reports. The firm set an “overweight” rating and a $102.00 price target on the stock. Piper Sandler’s target price would suggest a potential upside of 18.16% from the company’s current price.

A number of other analysts have also commented on LINE. Scotiabank started coverage on shares of Lineage in a research note on Monday. They set a “sector outperform” rating and a $95.00 price target for the company. Truist Financial assumed coverage on shares of Lineage in a research report on Monday. They set a “buy” rating and a $94.00 target price for the company. Morgan Stanley began coverage on shares of Lineage in a research report on Monday. They issued an “overweight” rating and a $100.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Lineage in a research note on Monday. They issued a “hold” rating and a $90.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on Lineage in a research report on Monday. They set an “overweight” rating and a $93.00 target price on the stock. Four 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.60.

Lineage Trading Down 1.6 %

NASDAQ LINE opened at $86.32 on Monday. Lineage has a 52 week low of $80.15 and a 52 week high of $89.85.

Insider Activity at Lineage

In other Lineage news, insider Jeffrey Alvarez Rivera bought 600 shares of Lineage stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the completion of the purchase, the insider now directly owns 5,406 shares of the company’s stock, valued at $421,668. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Robert Crisci acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price 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 approximately $780,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Alvarez Rivera bought 600 shares of Lineage stock in a transaction 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 acquisition, the insider now directly owns 5,406 shares in the company, valued at $421,668. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,150 shares of company stock worth $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.