Trainline (LON:TRN) Given Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its Buy rating on Trainline and set a GBX 350 price target, implying approximately 80.9% upside from the stock’s GBX 193.50 opening price.
• Analyst sentiment remains positive overall, with six Buy ratings and one Sell rating; Trainline has a “Moderate Buy” consensus and an average price target of GBX 381.57.
• Trainline shares are near the lower end of their 52-week range, while insider Niall McBride recently purchased 23,084 shares at GBX 206; insiders collectively own 7.62% of the company.

Trainline (LON:TRN - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Jefferies Financial Group in a research note issued on Monday, London Stock Exchange reports. They presently have a GBX 350 price objective on the stock. Jefferies Financial Group's price target points to a potential upside of 80.87% from the stock's current price.

A number of other equities research analysts have also weighed in on TRN. Canaccord Genuity Group cut their price objective on Trainline from GBX 330 to GBX 311 and set a "buy" rating on the stock in a research report on Monday, May 11th. Shore Capital Group reaffirmed a "buy" rating and issued a GBX 400 price target on shares of Trainline in a research note on Monday, August 24th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Trainline has an average rating of "Moderate Buy" and an average price target of GBX 381.57.

Trainline Stock Down 0.5%

LON TRN opened at GBX 193.50 on Monday. Trainline has a 1 year low of GBX 178 and a 1 year high of GBX 307.60. The stock has a market capitalization of £658.44 million, a PE ratio of 10.12 and a beta of 0.41. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52. The business's 50-day moving average is GBX 222.83 and its 200 day moving average is GBX 219.23.

Insider Buying and Selling at Trainline

In other news, insider Niall McBride bought 23,084 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of GBX 206 per share, with a total value of £47,553.04. Company 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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