Trainline (LON:TRN) Given Buy Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Trainline (LON:TRN) in a report released on Thursday, MarketBeat reports.

TRN has been the subject of a number of other research reports. UBS Group restated a “buy” rating and set a GBX 465 price objective on shares of Trainline in a research report on Friday, September 5th. JPMorgan Chase & Co. dropped their target price on Trainline from GBX 325 to GBX 320 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Trainline presently has a consensus rating of “Moderate Buy” and an average target price of GBX 440.

Trainline Stock Performance

Shares of TRN stock opened at GBX 291.80 on Thursday. The company has a market cap of £1.18 billion, a P/E ratio of 2,304.90 and a beta of 1.64. The business has a 50 day moving average of GBX 271.16 and a two-hundred day moving average of GBX 277.28. Trainline has a 52 week low of GBX 247.80 and a 52 week high of GBX 452.40. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07.

Trainline declared that its Board of Directors has initiated a stock buyback program on Thursday, September 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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.