Shore Capital Group Reiterates Buy Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Friday, MarketBeat reports.

A number of other research firms have also recently issued reports on TRN. JPMorgan Chase & Co. lowered their price objective on shares of Trainline from GBX 230 to GBX 215 and set an “underweight” rating for the company in a research report on Monday, January 12th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 330 target price on shares of Trainline in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 394.

Trainline Stock Up 1.1%

TRN stock opened at GBX 209.20 on Friday. The firm has a 50-day moving average price of GBX 201.63 and a 200-day moving average price of GBX 233.69. Trainline has a 12 month low of GBX 178 and a 12 month high of GBX 308.60. The company has a current ratio of 0.42, a quick ratio of 0.52 and a debt-to-equity ratio of 65.92. The stock has a market capitalization of £785.59 million, a P/E ratio of 12.50 and a beta of 0.53.

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.