Trainline (LON:TRN) Given New GBX 213 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity cut Trainline’s price target from GBX 333 to GBX 213 and maintained a “hold” rating, implying 2.56% downside from the prior close.
• Despite the downgrade, analyst sentiment remains positive overall: Trainline has a consensus “Moderate Buy” rating and an average price target of GBX 367.57.
• Trainline shares opened at GBX 218.60, with a 52-week range of GBX 178 to GBX 283.80 and a market capitalization of approximately £736.94 million.

Trainline (LON:TRN - Get Free Report) had its price objective lowered by analysts at Canaccord Genuity Group from GBX 333 to GBX 213 in a research note issued to investors on Friday, Digital Look reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's target price indicates a potential downside of 2.56% from the stock's previous close.

TRN has been the topic of several other reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 350 target price on shares of Trainline in a report on Monday, September 14th. Shore Capital Group reissued a "buy" rating and issued a GBX 400 price target on shares of Trainline in a research note on Friday, October 9th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 350 price objective on shares of Trainline in a research report on Monday, September 7th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 367.57.

Trainline Price Performance

Shares of LON:TRN opened at GBX 218.60 on Friday. 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 has a 52 week low of GBX 178 and a 52 week high of GBX 283.80. The firm has a market cap of £736.94 million, a PE ratio of 11.43 and a beta of 0.40. The firm's fifty day moving average is GBX 203.62 and its 200-day moving average is GBX 219.08.

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. 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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