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

Trainline (LON:TRN)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Group in a research note issued to investors on Friday, London Stock Exchange reports. They currently have a GBX 400 target price on the stock. Shore Capital Group’s target price would suggest a potential upside of 91.57% from the company’s current price.

A number of other equities analysts also recently commented on the company. 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. Berenberg Bank restated a “buy” rating and set a GBX 350 price objective on shares of Trainline in a research report on Monday, September 14th. Finally, Canaccord Genuity Group lifted their target price on shares of Trainline from GBX 311 to GBX 333 and gave the stock a “buy” rating in a research note on Monday, September 14th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Trainline presently has an average rating of “Moderate Buy” and a consensus price target of GBX 384.71.

Trainline Trading Up 3.5%

Shares of LON:TRN opened at GBX 208.80 on Friday. The business’s 50 day moving average price is GBX 210.19 and its 200-day moving average price is GBX 219.21. Trainline has a 1 year low of GBX 178 and a 1 year high of GBX 283.80. The firm has a market capitalization of £703.91 million, a price-to-earnings ratio of 10.91 and a beta of 0.40. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52.

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.