Trainline (LON:TRN) Given Buy Rating 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.

Berenberg Bank reissued their buy rating on shares of Trainline (LON:TRN - Free Report) in a research report released on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 490 price target on the stock.

Several other research analysts have also commented on TRN. Shore Capital reissued a "buy" rating on shares of Trainline in a research report on Thursday, September 11th. UBS Group restated a "buy" rating and set a GBX 465 target price on shares of Trainline in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. raised their target price on Trainline from GBX 320 to GBX 325 and gave the company a "neutral" rating in a research note on Friday, September 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 441.25.

Trainline Stock Down 2.6%

LON:TRN traded down GBX 7.60 during mid-day trading on Thursday, hitting GBX 285.20. The company had a trading volume of 904,813 shares, compared to its average volume of 2,170,338. The business has a fifty day simple moving average of GBX 272.22 and a 200-day simple moving average of GBX 276.75. 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 1 year low of GBX 247.80 and a 1 year high of GBX 452.40. The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of 2,252.76 and a beta of 1.64.

Trainline declared that its board has approved a share buyback program on Thursday, September 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are 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.