Jefferies Financial Group Reaffirms Buy Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report issued on Monday, London Stock Exchange reports. They currently have a GBX 350 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 80.87% from the stock’s current price.

A number of other brokerages also recently weighed in on TRN. Canaccord Genuity Group decreased their target price on shares of Trainline from GBX 330 to GBX 311 and set a “buy” rating for the company in a research note on Monday, May 11th. Shore Capital Group reissued a “buy” rating and issued a GBX 400 price target on shares of Trainline in a research report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 381.57.

Trainline Trading Down 0.5%

Shares of LON TRN opened at GBX 193.50 on Monday. Trainline has a 1 year low of GBX 178 and a 1 year high of GBX 307.60. 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 firm has a 50-day moving average of GBX 222.83 and a 200 day moving average of GBX 219.23. The stock has a market cap of £658.44 million, a P/E ratio of 10.12 and a beta of 0.41.

Insider Activity

In other news, insider Niall McBride purchased 23,084 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average price of GBX 206 per share, for a total transaction of £47,553.04. Corporate insiders own 7.62% 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.