Trainline Plc (LON:TRN) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Trainline has a “Moderate Buy” consensus rating from seven analysts: six recommend buying the stock and one recommends selling. The average 12-month price target is GBX 384.71.
• Recent broker actions remained positive, with Shore Capital, Canaccord Genuity, Berenberg, and Jefferies reiterating or assigning “buy” ratings and price targets ranging from GBX 333 to GBX 400.
• Trainline shares opened at GBX 194.30, near the lower end of their 12-month range of GBX 178 to GBX 295.20. Insider Niall McBride also purchased 23,084 shares, while insiders collectively own 7.62% of the company.

Shares of Trainline Plc (LON:TRN - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 384.71.

Several research analysts recently commented on TRN shares. Shore Capital Group restated a "buy" rating and set a GBX 400 target price on shares of Trainline in a report on Friday, September 11th. Canaccord Genuity Group lifted their price target on shares of Trainline from GBX 311 to GBX 333 and gave the company a "buy" rating in a research note on Monday, September 14th. Berenberg Bank reissued a "buy" rating and set a GBX 350 price target on shares of Trainline in a research report on Monday, September 14th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 350 price objective on shares of Trainline in a research note on Monday, September 7th.

Insider Transactions at Trainline

In related news, insider Niall McBride bought 23,084 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired 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 Price Performance

Shares of TRN opened at GBX 194.30 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17. Trainline has a twelve month low of GBX 178 and a twelve month high of GBX 295.20. The stock has a market capitalization of £661.14 million, a P/E ratio of 10.16 and a beta of 0.40. The company has a 50 day moving average of GBX 215.87 and a 200-day moving average of GBX 219.19.

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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