Shore Capital Group Reiterates Buy Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by Shore Capital Group in a research report issued to clients and investors on Friday, London Stock Exchange reports. They presently have a GBX 400 price objective on the stock. Shore Capital Group’s price objective points to a potential upside of 105.97% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 350 target price on shares of Trainline in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 381.57.

Trainline Stock Up 2.2%

Shares of TRN opened at GBX 194.20 on Friday. The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63. Trainline has a 52 week low of GBX 178 and a 52 week high of GBX 307.60. The stock has a market capitalization of £660.80 million, a price-to-earnings ratio of 10.15 and a beta of 0.40. The stock has a fifty day moving average of GBX 220.96 and a 200-day moving average of GBX 218.93.

Insider Transactions at Trainline

In other Trainline news, insider Niall McBride purchased 23,084 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average cost of GBX 206 per share, for a total transaction of £47,553.04. Company insiders own 7.62% of the company’s stock.

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.