Evercore ISI Boosts Lineage (NASDAQ:LINE) Price Target to $90.00

Lineage (NASDAQ:LINE) had its price objective hoisted by Evercore ISI from $88.00 to $90.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other equities analysts have also recently commented on the company. KeyCorp started coverage on Lineage in a research report on Monday, August 19th. They set an overweight rating and a $92.00 target price for the company. Royal Bank of Canada started coverage on Lineage in a report on Monday, August 19th. They set an outperform rating and a $94.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued a buy rating and a $105.00 target price on the stock. Truist Financial assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued a buy rating and a $94.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Lineage in a report on Monday, August 19th. They issued a hold rating and a $90.00 price target on the stock. Five research 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 stock. Based on data from MarketBeat, Lineage presently has a consensus rating of Moderate Buy and an average price target of $93.87.

Lineage Trading Up 0.5 %

Shares of NASDAQ:LINE opened at $83.90 on Wednesday. Lineage has a one year low of $80.15 and a one year high of $89.85.

Insider Transactions at Lineage

In related news, insider Jeffrey Alvarez Rivera purchased 600 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, for a total transaction of $46,800.00. Following the transaction, the insider now directly owns 5,406 shares in the company, valued at $421,668. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Nancy Joy Falotico acquired 1,300 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $78.00 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now owns 2,452 shares of the company’s stock, valued at $191,256. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $78.00 per share, with a total value of $46,800.00. Following the completion of the purchase, the insider now owns 5,406 shares of the company’s stock, valued at approximately $421,668. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 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.