Trainline (LON:TRN) Receives “Buy” Rating from Canaccord Genuity Group

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 330 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 60.19% from the stock’s previous close.

Several other brokerages have also recently commented on TRN. Shore Capital Group reiterated a “buy” rating on shares of Trainline in a research report on Thursday, March 12th. JPMorgan Chase & Co. reduced their price objective on shares of Trainline from GBX 230 to GBX 215 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 394.

Trainline Trading Up 1.1%

TRN stock traded up GBX 2.20 during trading on Thursday, hitting GBX 206. The company had a trading volume of 86,751,805 shares, compared to its average volume of 5,982,665. The firm has a 50-day moving average price of GBX 202.23 and a 200-day moving average price of GBX 234.47. Trainline has a 12 month low of GBX 178 and a 12 month high of GBX 308.60. The company has a quick ratio of 0.52, a current ratio of 0.42 and a debt-to-equity ratio of 65.92. The stock has a market cap of £773.57 million, a price-to-earnings ratio of 12.31 and a beta of 0.53.

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.