Line Corp (LN) Receives a Buy from Jefferies

By Jason Carr

Jefferies analyst Owen Bennett maintained a Buy rating on Line Corp (LNResearch Report) today. The company’s shares closed yesterday at $34.51.

Bennett noted:

“We attended BAT’s CMD yesterday. We’d suggested prior to the event that what was needed was much more granularity on future expectations, specifically RRP. After two previous CMD/briefings that were lacking in this regard, encouragingly this is what we got. With its RRP portfolio looking in good shape and a growth model that looks easily in reach, and therefore deserving of a more premium multiple, we hope we now see a period of sustained re-rating.”

According to TipRanks.com, Bennett is a 1-star analyst with an average return of -1.0% and a 41.0% success rate. Bennett covers the Healthcare sector, focusing on stocks such as The Green Organic Dutchman Holdings Ltd, Aurora Cannabis Inc, and Tilray Inc.

The the analyst consensus on Line Corp is currently a Hold rating.

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The company has a one-year high of $46.48 and a one-year low of $27.66. Currently, Line Corp has an average volume of 89.5K.

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LINE Corp. operates as a global platform for mobile messaging and communication services, content distribution and services related to daily life. Its mobile messaging application which operates on all major mobile operating systems enables users to communicate through free instant messaging, stickers and voice & video calls, and serves as a smart portal to its other applications and services. LINE was founded on September 4, 2000 and is headquartered in Tokyo, Japan.