Lineage (NASDAQ:LINE) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Lineage (NASDAQ:LINE) in a report issued on Monday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $86.00 price target on the stock.

A number of other brokerages have also weighed in on LINE. Evercore ISI started coverage on Lineage in a report on Monday. They set an inline rating and a $88.00 price objective on the stock. UBS Group initiated coverage on Lineage in a research note on Monday. They issued a neutral rating and a $88.00 price target on the stock. Truist Financial started coverage on shares of Lineage in a research note on Monday. They set a buy rating and a $94.00 price objective for the company. Finally, Scotiabank initiated coverage on shares of Lineage in a research report on Monday. They issued a sector outperform rating and a $95.00 target price on the stock. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $93.60.

Lineage Stock Performance

Shares of LINE opened at $86.46 on Monday. Lineage has a 1 year low of $80.15 and a 1 year high of $89.85.

Insider Activity at Lineage

In related news, insider Jeffrey Alvarez Rivera bought 600 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $78.00 per share, with a total value of $46,800.00. Following the completion of the transaction, 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 through the SEC website. In other news, CFO Robert Crisci purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $78.00 per share, with a total value of $780,000.00. Following the purchase, the chief financial officer now directly 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 this link. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, with a total value of $46,800.00. Following the completion of the transaction, the insider now 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 purchased 12,150 shares of company stock worth $947,700. Corporate 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.