Trainline (LON:TRN) Earns Buy Rating from Shore Capital Group

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital Group in a note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 400 price target on the stock. Shore Capital Group’s price objective would indicate a potential upside of 91.02% from the stock’s previous close.

A number of other research firms have also recently weighed in on TRN. Canaccord Genuity Group boosted their target price on shares of Trainline from GBX 311 to GBX 333 and gave the company a “buy” rating in a research note on Monday, September 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 350 price objective on shares of Trainline in a report on Monday, September 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 350 price target on shares of Trainline in a research report on Monday, September 14th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trainline currently has an average rating of “Moderate Buy” and an average price target of GBX 384.71.

Trainline Stock Performance

Shares of Trainline stock traded up GBX 7.60 during trading on Friday, reaching GBX 209.40. The company’s stock had a trading volume of 2,226,780 shares, compared to its average volume of 4,837,616. The business’s 50-day moving average price is GBX 209.64 and its 200-day moving average price is GBX 219.14. The firm has a market cap of £705.93 million, a PE ratio of 10.95 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17. Trainline has a 52 week low of GBX 178 and a 52 week high of GBX 283.80.

About Trainline

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.