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

Trainline (LON:TRN – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Group in a report released on Friday, Marketbeat Ratings reports. They presently have a GBX 400 target price on the stock. Shore Capital Group’s price target points to a potential upside of 92.31% from the company’s previous close.

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

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Trainline Price Performance

Shares of Trainline stock opened at GBX 208 on Friday. The firm has a fifty day simple moving average of GBX 209.64 and a 200-day simple moving average of GBX 219.20. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 128.17. Trainline has a 1-year low of GBX 178 and a 1-year high of GBX 283.80. The stock has a market capitalization of £701.21 million, a price-to-earnings ratio of 10.87 and a beta of 0.40.

Trainline Company Profile

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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.

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