Trainline's (TRN) Buy Rating Reiterated at Berenberg Bank

Key Points

• Analysts at Berenberg Bank reaffirmed a "buy" rating for Trainline (TRN), with a price target of GBX 490, indicating a potential upside of 63.65% from its current price.
• Trainline's stock has an average rating of "Moderate Buy" based on evaluations from multiple analysts, with a consensus target price of GBX 441.25.
• The company has authorized a share buyback plan, reflecting management's belief that the stock is currently undervalued.

Trainline (LON:TRN - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a GBX 490 price target on the stock. Berenberg Bank's price target points to a potential upside of 63.65% from the company's current price.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Trainline from GBX 320 to GBX 325 and gave the stock a "neutral" rating in a research report on Friday. Shore Capital restated a "buy" rating on shares of Trainline in a research report on Thursday. Finally, UBS Group restated a "buy" rating and set a GBX 465 price target on shares of Trainline in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 441.25.

Trainline Trading Up 2.6%

Shares of TRN stock opened at GBX 299.42 on Thursday. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. Trainline has a 52-week low of GBX 247.80 and a 52-week high of GBX 452.40. The company has a market capitalization of £1.21 billion, a PE ratio of 2,365.11 and a beta of 1.64. The business's fifty day moving average is GBX 271.16 and its 200 day moving average is GBX 277.28.

Trainline announced that its board has authorized a share buyback plan on Thursday, September 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign 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.

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