Trainline (LON:TRN) Price Target Raised to GBX 333

Trainline (LON:TRN) had its target price lifted by Canaccord Genuity Group from GBX 311 to GBX 333 in a research note issued to investors on Monday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 66.30% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TRN. Berenberg Bank restated a “buy” rating and issued a GBX 350 price target on shares of Trainline in a research report on Monday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 350 price objective on shares of Trainline in a research report on Monday, September 7th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 400 price objective on shares of Trainline in a research note on Friday. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 384.71.

Trainline Stock Performance

LON:TRN opened at GBX 200.24 on Monday. The company has a market cap of £681.36 million, a price-to-earnings ratio of 10.47 and a beta of 0.40. Trainline has a 1 year low of GBX 178 and a 1 year high of GBX 307.60. The stock’s 50 day simple moving average is GBX 220.47 and its two-hundred day simple moving average is GBX 218.87. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52.

Insider Buying and Selling

In other Trainline news, insider Niall McBride bought 23,084 shares of Trainline stock in a transaction on Wednesday, July 1st. The shares were acquired at an average price of GBX 206 per share, for a total transaction of £47,553.04. 7.62% of the stock is owned by company insiders.

Trainline Company Profile

Trainline’s ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.

As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.