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

Key Points

• Berenberg Bank"Buy" rating on Trainline with a GBX 350 price target, implying about a 50.7% upside from the current price.
• Analyst consensus is broadly positive—five Buys and one Sell—giving a MarketBeat average rating of "Moderate Buy" and a consensus target of GBX 367.
• Trainline shares opened at GBX 232.20 (down ~3%), with a market cap of £854.3m, P/E of 13.9; last quarter EPS was GBX 23.60 on revenue of £452.7m.

Trainline (LON:TRN - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 350 price target on the stock. Berenberg Bank's target price suggests a potential upside of 50.73% from the company's current price.

TRN has been the topic of several other research reports. Shore Capital Group restated a "buy" rating on shares of Trainline in a research note on Friday, March 20th. JPMorgan Chase & Co. dropped their price target on shares of Trainline from GBX 235 to GBX 230 and set an "underweight" rating on the stock in a research note on Tuesday, April 14th. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 330 price target on shares of Trainline in a research note on Thursday, March 19th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 367.

Trainline Stock Down 3.0%

TRN stock opened at GBX 232.20 on Wednesday. The company has a 50 day moving average of GBX 217.53 and a two-hundred day moving average of GBX 223.97. Trainline has a 12-month low of GBX 178 and a 12-month high of GBX 307.60. The company has a market cap of £854.34 million, a price-to-earnings ratio of 13.88 and a beta of 0.33. The company has a quick ratio of 0.52, a current ratio of 0.42 and a debt-to-equity ratio of 65.92.

Trainline (LON:TRN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported GBX 23.60 EPS for the quarter. Trainline had a net margin of 16.34% and a return on equity of 27.44%. The company had revenue of £452.68 million for the quarter. On average, equities analysts anticipate that Trainline will post 16.8458781 earnings per share 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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