Trainline (LON:TRN) Earns Buy Rating from Berenberg Bank

Trainline (LON:TRN)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report issued on Friday, Digital Look reports. They currently have a GBX 350 target price on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 79.82% from the stock’s previous close.

A number of other research firms have also weighed in on TRN. Shore Capital Group reaffirmed a “buy” rating and set a GBX 400 price objective on shares of Trainline in a research report on Wednesday. Canaccord Genuity Group dropped their target price on Trainline from GBX 333 to GBX 213 and set a “hold” rating on the stock in a report on Friday, October 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 350 target price on shares of Trainline in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 367.57.

Trainline Trading Down 2.5%

TRN opened at GBX 194.64 on Friday. The stock has a market cap of £656.17 million, a PE ratio of 10.17 and a beta of 0.38. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 192.07. The business has a 50 day moving average of GBX 202.97 and a 200-day moving average of GBX 214.57. Trainline has a 52 week low of GBX 178 and a 52 week high of GBX 280.

Trainline (LON:TRN) last released its quarterly earnings results on Wednesday, November 4th. The company reported GBX 13.82 earnings per share for the quarter. Trainline had a return on equity of 39.23% and a net margin of 15.92%. The company had revenue of £233.29 million for the quarter. Equities research analysts predict that Trainline will post 16.85 earnings per share for the current fiscal year.

Trending Headlines about Trainline

Here are the key news stories impacting Trainline this week:

• Positive Sentiment: Trainline said adjusted earnings rose 7% and maintained its full-year guidance, signaling that it remains on track with its outlook. Trainline maintains full-year guidance after adjusted earnings rise 7%
• Positive Sentiment: The International division reported its first profit, a milestone that could support Trainline’s growth outside its core market. Deutsche Bank maintained its “buy” rating. Trainline reports first International profit as Deutsche Bank keeps ‘buy’ rating
• Positive Sentiment: Shore Capital and Jefferies reiterated “buy” ratings, with price targets of 400p and 350p, respectively. These targets indicate a more optimistic analyst view, though they are not guarantees of future performance. Shore Capital rating Jefferies rating
• Neutral Sentiment: Trainline reported £233.29 million in quarterly revenue and earnings per share of 13.82p. The release provides further results detail, but the available coverage does not specify whether these figures beat expectations. Trainline half-year results

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.