Lineage (NASDAQ:LINE) Now Covered by Scotiabank

Analysts at Scotiabank initiated coverage on shares of Lineage (NASDAQ:LINE) in a research note issued on Monday, MarketBeat Ratings reports. The firm set a “sector outperform” rating and a $95.00 price target on the stock. Scotiabank’s target price indicates a potential upside of 10.06% from the stock’s current price.

Separately, UBS Group began coverage on shares of Lineage in a report on Monday. They issued a “neutral” rating and a $88.00 price target 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. Based on data from MarketBeat, Lineage currently has an average rating of “Moderate Buy” and a consensus target price of $93.60.

Lineage Price Performance

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

Insider Transactions at Lineage

In related news, insider Jeffrey Alvarez Rivera acquired 600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lineage news, Director Nancy Joy Falotico purchased 1,300 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, for a total transaction of $101,400.00. Following the transaction, the director now owns 2,452 shares in the company, valued at approximately $191,256. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Alvarez Rivera purchased 600 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 $46,800.00. Following the purchase, the insider now directly owns 5,406 shares of the company’s stock, valued at approximately $421,668. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 12,150 shares of company stock valued at $947,700. 1.40% of the stock is owned by corporate insiders.

Lineage Company Profile

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.