Zacks: Line Corp (NYSE:LN) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of Line Corp (NYSE:LN) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $54.28 for the company, according to Zacks. Zacks has also given Line Corp an industry rank of 68 out of 265 based on the ratings given to its competitors.
A number of brokerages have commented on LN. Jefferies Group reaffirmed a “hold” rating on shares of Line Corp in a research report on Thursday, September 8th. Morgan Stanley began coverage on Line Corp in a research report on Monday, August 8th. They set an “overweight” rating for the company. Finally, JPMorgan Chase & Co. began coverage on Line Corp in a research report on Wednesday, August 24th. They set a “neutral” rating for the company.
Shares of Line Corp (NYSE:LN) traded down 1.28% during trading on Monday, reaching $42.45. The company had a trading volume of 348,451 shares. The stock’s 50-day moving average price is $42.28 and its 200-day moving average price is $41.63. The company has a market capitalization of $8.93 billion and a PE ratio of 2830.00. Line Corp has a 52 week low of $36.01 and a 52 week high of $48.10.
About Line Corp
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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