Berenberg Bank Reiterates “Buy” Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 490 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 63.31% from the stock’s previous close.

Several other research analysts also recently weighed in on TRN. JPMorgan Chase & Co. lifted their target price on Trainline from GBX 320 to GBX 325 and gave the company a “neutral” rating in a research note on Friday. Shore Capital reiterated a “buy” rating on shares of Trainline in a research note on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a GBX 465 target price on shares of Trainline in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Trainline currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 441.25.

Trainline Trading Up 2.8%

Shares of TRN stock opened at GBX 300.03 on Thursday. The business’s 50 day moving average is GBX 271.53 and its two-hundred day moving average is GBX 277.20. Trainline has a twelve month low of GBX 247.80 and a twelve month high of GBX 452.40. The company has a market capitalization of £1.21 billion, a P/E ratio of 2,369.94 and a beta of 1.64. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07.

Trainline announced that its board has authorized a share buyback plan on Thursday, September 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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.