Trainline (LON:TRN) Given Buy Rating at Shore Capital Group

Key Points

• Shore Capital Group reiterated its Buy rating on Trainline and set a GBX 400 price target, implying 91.57% upside from the current share price.
• Analyst views are mixed but lean positive: Trainline has a “Moderate Buy” consensus rating and an average price target of GBX 367.57; Canaccord cut its target to GBX 213 and rated the shares Hold.
• Trainline shares opened at GBX 208.80 on Wednesday. For the latest reported quarter, the company posted EPS of GBX 13.82 and revenue of £233.29 million.

Trainline (LON:TRN - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Shore Capital Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 400 target price on the stock. Shore Capital Group's price objective would suggest a potential upside of 91.57% from the company's current price.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group lowered their price objective on Trainline from GBX 333 to GBX 213 and set a "hold" rating on the stock in a research report on Friday, October 23rd. Berenberg Bank reissued a "buy" rating and issued a GBX 350 target price on shares of Trainline in a report on Monday, September 14th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 350 price target on shares of Trainline in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 367.57.

Trainline Stock Performance

Shares of TRN stock opened at GBX 208.80 on Wednesday. Trainline has a one year low of GBX 178 and a one year high of GBX 283.80. The company's 50-day moving average is GBX 202.75 and its 200 day moving average is GBX 214.67. The company has a market capitalization of £703.91 million, a price-to-earnings ratio of 10.91 and a beta of 0.38. The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63.

Trainline (LON:TRN - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported GBX 13.82 earnings per share (EPS) for the quarter. Trainline had a net margin of 17.63% and a return on equity of 35.11%. The firm had revenue of £233.29 million for the quarter. Sell-side analysts expect that Trainline will post 16.85 EPS for the current fiscal year.

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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