Brokerages Set $54.28 Price Target for Line Corp (LN)

Line Corp (NYSE:LN) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $54.28 for the company, according to Zacks. Zacks has also given Line Corp an industry rank of 98 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Line Corp in a research report on Wednesday, August 24th. They issued a “neutral” rating on the stock. Jefferies Group assumed coverage on shares of Line Corp in a report on Thursday, July 14th. They issued a “buy” rating for the company. Finally, Morgan Stanley assumed coverage on shares of Line Corp in a research report on Monday, August 8th. They issued an “overweight” rating on the stock.

Line Corp (NYSE:LN) opened at 44.99 on Friday. The firm has a 50-day moving average of $45.35 and a 200-day moving average of $43.27. The stock has a market cap of $9.47 billion and a PE ratio of 2999.33. Line Corp has a 12-month low of $36.01 and a 12-month high of $51.48.

An institutional investor recently bought a new position in Line Corp stock. First American Bank bought a new position in shares of Line Corp (NYSE:LN) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 6,015 shares of the company’s stock, valued at approximately $291,000.

Line Corp Company Profile

LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.

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