Trainline (LON:TRN) Earns “Buy” Rating from Berenberg Bank

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Friday, Digital Look reports. They currently have a GBX 350 target price on the stock. Berenberg Bank‘s price objective indicates a potential upside of 79.82% from the stock’s previous close.

TRN has been the subject of a number of other research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 350 price objective on shares of Trainline in a research note on Wednesday. Canaccord Genuity Group lowered their target price on shares of Trainline from GBX 333 to GBX 213 and set a “hold” rating on the stock in a research note on Friday, October 23rd. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 400 target price on shares of Trainline in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 367.57.

Trainline Stock Performance

LON TRN opened at GBX 194.64 on Friday. The company has a market capitalization of £656.17 million, a price-to-earnings ratio of 10.17 and a beta of 0.38. The stock has a fifty day simple moving average of GBX 202.97 and a 200 day simple moving average of GBX 214.57. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 192.07. Trainline has a twelve month low of GBX 178 and a twelve month high of GBX 280.

Trainline (LON:TRN) last issued its quarterly earnings results on Wednesday, November 4th. The company reported GBX 13.82 earnings per share for the quarter. Trainline had a return on equity of 39.23% and a net margin of 15.92%. The firm had revenue of £233.29 million during the quarter. Sell-side analysts expect that Trainline will post 16.85 EPS for the current year.

Trainline News Summary

Here are the key news stories impacting Trainline this week:

• Positive Sentiment: Trainline said adjusted earnings rose 7% and maintained its full-year guidance, signaling that it remains on track with its outlook. Trainline maintains full-year guidance after adjusted earnings rise 7%
• Positive Sentiment: The International division reported its first profit, a milestone that could support Trainline’s growth outside its core market. Deutsche Bank maintained its “buy” rating. Trainline reports first International profit as Deutsche Bank keeps ‘buy’ rating
• Positive Sentiment: Shore Capital and Jefferies reiterated “buy” ratings, with price targets of 400p and 350p, respectively. These targets indicate a more optimistic analyst view, though they are not guarantees of future performance. Shore Capital rating Jefferies rating
• Neutral Sentiment: Trainline reported £233.29 million in quarterly revenue and earnings per share of 13.82p. The release provides further results detail, but the available coverage does not specify whether these figures beat expectations. Trainline half-year results

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.