Trainline (LON:TRN) Stock Price Target Lowered at Canaccord Genuity Group

Trainline (LON:TRN) had its price objective dropped by equities research analysts at Canaccord Genuity Group from GBX 333 to GBX 213 in a research note issued to investors on Friday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group‘s price objective would indicate a potential downside of 2.56% from the company’s previous close.

Several other brokerages also recently commented on TRN. Jefferies Financial Group restated a “buy” rating and issued a GBX 350 target price on shares of Trainline in a research note on Monday, September 7th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 400 target price on shares of Trainline in a research report on Friday, October 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 price target on shares of Trainline in a research note on Monday, September 14th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trainline currently has a consensus rating of “Moderate Buy” and an average target price of GBX 367.57.

Trainline Stock Performance

LON:TRN opened at GBX 218.60 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17. Trainline has a twelve month low of GBX 178 and a twelve month high of GBX 283.80. The company has a fifty day moving average of GBX 203.62 and a 200-day moving average of GBX 219.08. The firm has a market capitalization of £736.94 million, a P/E ratio of 11.43 and a beta of 0.40.

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.

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.