Line Corp (NYSE:LN) Given $54.28 Consensus Price Target by Brokerages

Line Corp (NYSE:LN) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $54.28 for the company, according to Zacks. Zacks has also assigned Line Corp an industry rank of 65 out of 265 based on the ratings given to related companies.

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

Shares of Line Corp (NYSE:LN) opened at 46.18 on Monday. Line Corp has a one year low of $36.01 and a one year high of $48.10. The firm’s 50-day moving average is $43.66 and its 200-day moving average is $41.99. The stock has a market capitalization of $9.72 billion and a price-to-earnings ratio of 3078.67.

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.

5 Day Chart for NYSE:LN

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