Truist Financial Begins Coverage on Lineage (NASDAQ:LINE)

Truist Financial initiated coverage on shares of Lineage (NASDAQ:LINE) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $94.00 price objective on the stock.

A number of other research analysts have also recently commented on the stock. Evercore ISI started coverage on shares of Lineage in a report on Monday. They issued an inline rating and a $88.00 target price for the company. UBS Group assumed coverage on Lineage in a research report on Monday. They issued a neutral rating and a $88.00 target price for the company. Finally, Scotiabank began coverage on Lineage in a report on Monday. They set a sector outperform rating and a $95.00 price target 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. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $93.60.

Lineage Trading Up 0.2 %

Shares of LINE opened at $86.46 on Monday. Lineage has a 52-week low of $80.15 and a 52-week high of $89.85.

Insider Buying and Selling at Lineage

In related news, CFO Robert Crisci acquired 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $78.00 per share, with a total value of $780,000.00. Following the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $780,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lineage news, Director Nancy Joy Falotico acquired 1,300 shares of the 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 acquisition, the director now owns 2,452 shares in the company, valued at approximately $191,256. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert Crisci acquired 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $780,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 12,150 shares of company stock valued at $947,700. Corporate insiders own 1.40% of the company’s stock.

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.