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

Wells Fargo & Company started coverage on shares of Lineage (NASDAQ:LINE) in a research note issued to investors on Monday morning, Marketbeat reports. The firm issued an equal weight rating and a $86.00 price target on the stock.

LINE has been the topic of a number of other research reports. Truist Financial started coverage on shares of Lineage in a report on Monday. They set a buy rating and a $94.00 price target on the stock. UBS Group started coverage on shares of Lineage in a research note on Monday. They issued a neutral rating and a $88.00 target price on the stock. Scotiabank started coverage on shares of Lineage in a research note on Monday. They issued a sector outperform rating and a $95.00 target price on the stock. Finally, Evercore ISI started coverage on shares of Lineage in a research note on Monday. They issued an inline rating and a $88.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $93.60.

Lineage Price Performance

Lineage stock opened at $84.42 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, CFO Robert Crisci bought 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $78.00 per share, with a total value of $780,000.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $780,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Lineage news, CFO Robert Crisci purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Alvarez Rivera purchased 600 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $78.00 per share, with a total value of $46,800.00. Following 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. Insiders bought 12,150 shares of company stock valued at $947,700 in the last ninety days. 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.