Trainline (LON:TRN) Earns “Buy” Rating from Peel Hunt

Trainline (LON:TRN)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 460 target price on the stock. Peel Hunt’s target price would indicate a potential upside of 70.62% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 price objective on shares of Trainline in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Trainline from GBX 320 to GBX 325 and gave the company a “neutral” rating in a report on Friday, September 12th. Finally, UBS Group reiterated a “buy” rating and set a GBX 465 price objective on shares of Trainline in a report on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 434.20.

Trainline Stock Performance

LON:TRN opened at GBX 269.60 on Wednesday. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The stock has a 50-day simple moving average of GBX 269.89 and a two-hundred day simple moving average of GBX 272.94. The firm has a market capitalization of £1.07 billion, a PE ratio of 21.30 and a beta of 1.64. Trainline has a 52-week low of GBX 246.80 and a 52-week high of GBX 452.40.

Trainline (LON:TRN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 earnings per share for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. Analysts forecast that Trainline will post 16.8458781 EPS for the current year.

Trainline announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are 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.