Shore Capital Group Reaffirms Buy Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital Group in a report issued on Friday, MarketBeat reports. They currently have a GBX 400 target price on the stock. Shore Capital Group’s price target points to a potential upside of 91.02% from the stock’s current price.

Several other equities research analysts have also issued reports on TRN. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 350 price target on shares of Trainline in a research note on Monday, September 7th. Berenberg Bank reissued a “buy” rating and set a GBX 350 price target on shares of Trainline in a research report on Monday, September 14th. Finally, Canaccord Genuity Group boosted their price target on Trainline from GBX 311 to GBX 333 and gave the stock a “buy” rating 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 384.71.

Trainline Stock Up 3.8%

LON:TRN opened at GBX 209.40 on Friday. The stock has a 50-day simple moving average of GBX 209.64 and a 200 day simple moving average of GBX 219.14. Trainline has a 52-week low of GBX 178 and a 52-week high of GBX 283.80. The company has a market cap of £705.93 million, a PE ratio of 10.95 and a beta of 0.40. The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63.

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.