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

Trainline (LON:TRN)‘s stock had its “buy” rating restated by Shore Capital Group in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 400 price objective on the stock. Shore Capital Group’s price target would suggest a potential upside of 100.30% from the stock’s current price.

A number of other brokerages also recently issued reports on TRN. Berenberg Bank restated a “buy” rating and set a GBX 350 price target on shares of Trainline in a report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Trainline from GBX 230 to GBX 220 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 580 price target on shares of Trainline in a report on Thursday, May 7th. Finally, Canaccord Genuity Group lowered their target price on shares of Trainline from GBX 330 to GBX 311 and set a “buy” rating for the company in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 398.

Trainline Price Performance

Shares of TRN stock opened at GBX 199.70 on Monday. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52. The company has a market capitalization of £686.60 million, a PE ratio of 10.44 and a beta of 0.41. The firm’s 50-day moving average is GBX 226.69 and its two-hundred day moving average is GBX 219.59. Trainline has a 12 month low of GBX 178 and a 12 month high of GBX 307.60.

Insider Buying and Selling

In other news, insider Niall McBride acquired 23,084 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of GBX 206 per share, for a total transaction of £47,553.04. Insiders own 7.56% of the company’s stock.

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.