Peel Hunt Reiterates Buy Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 460 target price on the stock. Peel Hunt’s price objective suggests a potential upside of 69.99% from the stock’s previous close.

TRN has been the subject of several other reports. UBS Group reaffirmed a “buy” rating and set a GBX 465 price objective on shares of Trainline in a research note on Friday, September 5th. Berenberg Bank raised their target price on shares of Trainline from GBX 490 to GBX 500 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 421 price target on shares of Trainline in a report on Thursday, November 6th. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Trainline from GBX 320 to GBX 325 and gave the company a “neutral” rating in a report on Friday, September 12th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 434.20.

Trainline Trading Up 0.8%

Trainline stock traded up GBX 2.20 during trading hours on Thursday, hitting GBX 270.60. The stock had a trading volume of 156,720 shares, compared to its average volume of 1,993,626. The business’s 50 day simple moving average is GBX 269.96 and its 200-day simple moving average is GBX 272.29. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. Trainline has a one year low of GBX 246.80 and a one year high of GBX 452.40. The stock has a market cap of £1.07 billion, a price-to-earnings ratio of 21.37 and a beta of 1.64.

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

Trainline declared that its Board of Directors has approved a stock repurchase program on Thursday, September 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.