Trainline’s (TRN) Buy Rating Reaffirmed at Canaccord Genuity Group

Trainline (LON:TRN)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research note issued on Thursday,London Stock Exchange reports. They presently have a GBX 330 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 60.19% from the company’s previous close.

TRN has been the subject of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Trainline from GBX 230 to GBX 215 and set an “underweight” rating for the company in a research note on Monday, January 12th. Shore Capital Group reaffirmed a “buy” rating on shares of Trainline in a research report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 394.

Trainline Stock Up 1.1%

Shares of TRN stock traded up GBX 2.20 on Thursday, hitting GBX 206. 86,751,805 shares of the stock were exchanged, compared to its average volume of 5,982,665. The business has a 50-day moving average of GBX 202.23 and a 200 day moving average of GBX 234.47. Trainline has a fifty-two week low of GBX 178 and a fifty-two week high of GBX 308.60. The firm has a market capitalization of £773.57 million, a P/E ratio of 12.31 and a beta of 0.53. The company has a current ratio of 0.42, a quick ratio of 0.52 and a debt-to-equity ratio of 65.92.

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.