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

Equities researchers at The Goldman Sachs Group began coverage on shares of Lineage (NASDAQ:LINE) in a research report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $105.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 21.64% from the company’s previous close.

A number of other research firms also recently commented on LINE. Robert W. Baird assumed coverage on shares of Lineage in a research note on Monday. They set an “outperform” rating and a $91.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Lineage in a research note on Monday. They set an “overweight” rating and a $93.00 price objective on the stock. Truist Financial assumed coverage on shares of Lineage in a research note on Monday. They set a “buy” rating and a $94.00 price objective on the stock. Mizuho assumed coverage on shares of Lineage in a research note on Monday. They set a “neutral” rating and a $86.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Lineage in a research note on Monday. They set an “equal weight” rating and a $86.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lineage presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.60.

Lineage Stock Down 1.6 %

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 Buying and Selling

In other 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 directly owns 10,000 shares in the company, valued at $780,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other 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 directly owns 10,000 shares in the company, valued at $780,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nancy Joy Falotico acquired 1,300 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now owns 2,452 shares in the company, valued at $191,256. The disclosure for this purchase can be found here. Insiders have bought a total of 12,150 shares of company stock valued at $947,700 in the last quarter. 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.