Scotiabank Cuts Lineage (NASDAQ:LINE) Price Target to $94.00

Lineage (NASDAQ:LINE) had its price target cut by Scotiabank from $95.00 to $94.00 in a research report report published on Monday, Benzinga reports. They currently have a sector outperform rating on the stock.

Several other analysts have also commented on LINE. UBS Group assumed coverage on Lineage in a report on Monday, August 19th. They set a neutral rating and a $88.00 target price on the stock. Piper Sandler began coverage on shares of Lineage in a report on Monday, August 19th. They set an overweight rating and a $102.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Lineage in a report on Monday, August 19th. They set an overweight rating and a $93.00 price target on the stock. Baird R W raised shares of Lineage to a strong-buy rating in a report on Monday, August 19th. Finally, Morgan Stanley assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set an overweight rating and a $100.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lineage presently has an average rating of Moderate Buy and an average price target of $93.87.

Lineage Stock Performance

Shares of LINE opened at $84.24 on Monday. Lineage has a fifty-two week low of $80.15 and a fifty-two week high of $89.85.

Insider Buying and Selling at Lineage

In other news, CFO Robert Crisci purchased 10,000 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 $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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lineage news, CFO Robert Crisci bought 10,000 shares of Lineage stock in a transaction dated 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 transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $780,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Alvarez Rivera purchased 600 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the completion of the transaction, 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. Insiders bought 12,150 shares of company stock valued at $947,700 over the last quarter. 1.40% of the stock is currently owned by 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.