Trainline Plc (LON:TRN) Receives GBX 398 Consensus Target Price from Analysts

Shares of Trainline Plc (LON:TRN) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 381.57.

Several equities analysts have recently commented on TRN shares. Jefferies Financial Group restated a “buy” rating and set a GBX 350 price target on shares of Trainline in a research note on Monday. Canaccord Genuity Group lowered their price objective 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. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 400 target price on shares of Trainline in a report on Monday, August 24th.

Insider Transactions at Trainline

In related news, insider Niall McBride bought 23,084 shares of the stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of GBX 206 per share, for a total transaction of £47,553.04. 7.62% of the stock is currently owned by insiders.

Trainline Trading Down 0.6%

Shares of LON TRN opened at GBX 190.45 on Tuesday. Trainline has a twelve month low of GBX 178 and a twelve month high of GBX 307.60. The firm has a market cap of £648.04 million, a PE ratio of 9.96 and a beta of 0.40. The business has a fifty day simple moving average of GBX 222.40 and a two-hundred day simple moving average of GBX 219.20. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17.

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.