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

Key Points

• Shore Capital has reaffirmed a "Buy" rating for Trainline's (TRN) stock, highlighting confidence in the company's performance.
• UBS Group has also issued a "Buy" rating with a target price of GBX 465, while JPMorgan has downgraded their target from GBX 325 to GBX 320.
• The stock is currently priced at GBX 281.80, with a one-year range between GBX 247.80 and GBX 452.40, indicating the company’s potential for recovery and growth.

Shore Capital reissued their buy rating on shares of Trainline (LON:TRN - Free Report) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports.

TRN has been the topic of several other reports. UBS Group reissued a "buy" rating and set a GBX 465 target price on shares of Trainline in a research note on Friday, September 5th. JPMorgan Chase & Co. cut their target price on shares of Trainline from GBX 325 to GBX 320 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 441.25.

Trainline Stock Down 2.4%

LON:TRN traded down GBX 7.20 during trading hours on Thursday, hitting GBX 292.80. 1,122,736 shares of the stock traded hands, compared to its average volume of 2,177,408. The firm has a 50 day moving average price of GBX 271.99 and a 200 day moving average price of GBX 276.64. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. Trainline has a fifty-two week low of GBX 247.80 and a fifty-two week high of GBX 452.40. The firm has a market cap of £1.18 billion, a price-to-earnings ratio of 2,312.80 and a beta of 1.64.

Trainline declared that its board has approved a stock repurchase plan on Thursday, September 11th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

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.