Lineage (NASDAQ:LINE) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Lineage (NASDAQ:LINE) in a report issued on Monday, Benzinga reports. The firm set a “hold” rating and a $90.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 7.18% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley started coverage on shares of Lineage in a report on Monday. They issued an “overweight” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. began coverage on Lineage in a research report on Monday. They issued an “overweight” rating and a $93.00 price objective on the stock. Truist Financial assumed coverage on Lineage in a report on Monday. They set a “buy” rating and a $94.00 target price for the company. Robert W. Baird started coverage on Lineage in a research note on Monday. They issued an “outperform” rating and a $91.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Lineage in a research report on Monday. They set a “buy” rating and a $105.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.36.

Lineage Price Performance

NASDAQ:LINE opened at $83.97 on Monday. Lineage has a fifty-two week low of $80.15 and a fifty-two week high of $89.85.

Insider Activity

In other Lineage news, Director Nancy Joy Falotico bought 1,300 shares of Lineage 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 $101,400.00. Following the transaction, the director now directly owns 2,452 shares of the company’s stock, valued at $191,256. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey Alvarez Rivera acquired 600 shares of Lineage stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $78.00 per share, with a total value of $46,800.00. Following the transaction, the insider now directly owns 5,406 shares in the company, valued at $421,668. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy Joy Falotico bought 1,300 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, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now directly owns 2,452 shares of the company’s stock, valued at approximately $191,256. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 12,150 shares of company stock worth $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.