Brokerages Set Trainline Plc (LON:TRN) Price Target at GBX 394

Trainline Plc (LON:TRN) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 394.

Several equities research analysts have recently issued reports on TRN shares. JPMorgan Chase & Co. decreased their price objective on shares of Trainline from GBX 230 to GBX 215 and set an “underweight” rating for the company in a research report on Monday, January 12th. Shore Capital Group reaffirmed a “buy” rating on shares of Trainline in a research report on Friday, March 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 330 price objective on shares of Trainline in a research report on Thursday, March 19th.

Trainline Price Performance

Trainline stock opened at GBX 238.14 on Friday. The stock has a market cap of £876.20 million, a P/E ratio of 14.23 and a beta of 0.31. The company has a fifty day simple moving average of GBX 205.58 and a 200-day simple moving average of GBX 228.10. Trainline has a 12-month low of GBX 178 and a 12-month high of GBX 308.60. The company has a current ratio of 0.42, a quick ratio of 0.52 and a debt-to-equity ratio of 65.92.

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.