Trainline (LON:TRN) Receives Buy Rating from Shore Capital Group

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 objective would indicate a potential upside of 100.30% from the company’s previous close.

TRN has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on shares of Trainline from GBX 230 to GBX 220 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Canaccord Genuity Group lowered their target price on shares of Trainline from GBX 330 to GBX 311 and set a “buy” rating on the stock in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 580 target price on shares of Trainline in a report on Thursday, May 7th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 350 price target on shares of Trainline in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 398.

Trainline Trading Up 1.1%

Shares of TRN stock opened at GBX 199.70 on Monday. The business’s fifty day moving average price is GBX 226.69 and its 200 day moving average price is GBX 219.59. The firm has a market capitalization of £686.60 million, a PE ratio of 10.44 and a beta of 0.41. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52. Trainline has a 1-year low of GBX 178 and a 1-year high of GBX 307.60.

Insider Activity at Trainline

In other Trainline news, insider Niall McBride acquired 23,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of GBX 206 per share, for a total transaction of £47,553.04. 7.56% of the stock is owned by corporate insiders.

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.