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

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Trainline and maintained a GBX 350 price target, implying 79.3% potential upside from the current price.
• Analyst sentiment remains positive: six analysts rate Trainline “Buy” and one rates it “Sell,” producing a consensus “Moderate Buy” rating and average target price of GBX 381.57.
• Trainline shares opened at GBX 195.20, while insider Niall McBride bought 23,084 shares for approximately £47,553; insiders collectively own 7.62% of the company.

Trainline (LON:TRN - Get Free Report)'s stock had its "buy" rating reaffirmed by Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 350 price target on the stock. Berenberg Bank's target price would suggest a potential upside of 79.30% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Shore Capital Group reiterated a "buy" rating and set a GBX 400 price objective on shares of Trainline in a research note on Friday. Jefferies Financial Group restated a "buy" rating and issued a GBX 350 target price on shares of Trainline in a research note on Monday, September 7th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 381.57.

Trainline Trading Up 0.7%

Shares of Trainline stock opened at GBX 195.20 on Monday. The stock has a market cap of £664.21 million, a PE ratio of 10.20 and a beta of 0.40. The firm has a fifty day moving average price of GBX 220.47 and a 200 day moving average price of GBX 218.87. Trainline has a 1 year low of GBX 178 and a 1 year high of GBX 307.60. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52.

Insiders Place Their Bets

In other Trainline news, insider Niall McBride purchased 23,084 shares of the stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of GBX 206 per share, for a total transaction of £47,553.04. Insiders own 7.62% of the company's stock.

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.

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