Trainline’s (TRN) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Trainline (LON:TRN) in a research report released on Monday morning,Digital Look reports. The brokerage currently has a GBX 350 target price on the stock.

TRN has been the subject of several other research reports. Shore Capital Group reiterated a “buy” rating and issued a GBX 400 price objective on shares of Trainline in a report on Friday, September 11th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 350 price target on shares of Trainline in a research note on Monday, September 7th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Trainline presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 384.71.

Trainline Stock Up 0.9%

LON TRN opened at GBX 198.60 on Monday. The company has a debt-to-equity ratio of 128.17, a current ratio of 0.63 and a quick ratio of 0.52. The stock has a market capitalization of £675.78 million, a PE ratio of 10.38 and a beta of 0.40. Trainline has a 1 year low of GBX 178 and a 1 year high of GBX 297.40. The business’s 50-day moving average is GBX 219.25 and its 200 day moving average is GBX 218.95.

Insiders Place Their Bets

In other news, insider Niall McBride purchased 23,084 shares of Trainline stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 206 per share, with a total value of £47,553.04. 7.62% of the stock is currently owned by insiders.

About Trainline

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.