Trainline (LON:TRN) Price Target Raised to GBX 333

Trainline (LON:TRN) had its target price upped by Canaccord Genuity Group from GBX 311 to GBX 333 in a report issued on Monday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

TRN has been the topic of several other reports. Shore Capital Group reissued a “buy” rating and issued a GBX 400 target price on shares of Trainline in a research report on Friday, September 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 350 price target on shares of Trainline in a research report on Monday, September 7th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 350 price objective on shares of Trainline in a research note on Monday. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 384.71.

Trainline Stock Performance

Shares of TRN opened at GBX 198.60 on Monday. The firm has a market capitalization of £675.78 million, a P/E ratio of 10.38 and a beta of 0.40. 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 one year low of GBX 178 and a one year high of GBX 297.40. The business has a fifty day moving average of GBX 219.25 and a 200 day moving average of GBX 218.95.

Insider Activity at Trainline

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

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.