Trainline (LON:TRN) Receives “Buy” Rating from Peel Hunt

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 460 price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 69.99% from the company’s current price.

Several other analysts also recently weighed in on TRN. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 421 target price on shares of Trainline in a report on Thursday, November 6th. Shore Capital reiterated a “buy” rating on shares of Trainline in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Trainline from GBX 320 to GBX 325 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Berenberg Bank lifted their price objective on shares of Trainline from GBX 490 to GBX 500 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, UBS Group reissued a “buy” rating and set a GBX 465 price objective on shares of Trainline in a report on Friday, September 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Trainline presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 434.20.

Trainline Stock Up 0.8%

TRN stock traded up GBX 2.20 during trading on Thursday, reaching GBX 270.60. 156,720 shares of the company traded hands, compared to its average volume of 1,993,626. Trainline has a 12 month low of GBX 246.80 and a 12 month high of GBX 452.40. The business has a 50 day simple moving average of GBX 269.96 and a 200 day simple moving average of GBX 272.29. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 21.37 and a beta of 1.64.

Trainline (LON:TRN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 EPS for the quarter. Trainline had a net margin of 8.57% and a return on equity of 10.88%. On average, equities research analysts anticipate that Trainline will post 16.8458781 earnings per share for the current fiscal year.

Trainline announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.