Canaccord Genuity Group Forecasts Strong Price Appreciation for Trainline (LON:TRN) Stock

Trainline (LON:TRN) had its price objective boosted by stock analysts at Canaccord Genuity Group from GBX 311 to GBX 333 in a research note issued to investors on Monday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 66.30% from the company’s current price.

Several other brokerages have also issued reports on TRN. Shore Capital Group reissued a “buy” rating and set a GBX 400 price objective on shares of Trainline in a report on Friday. Berenberg Bank restated a “buy” rating and set a GBX 350 target price on shares of Trainline in a report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 350 target price on shares of Trainline in a research report on Monday, September 7th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 384.71.

Trainline Trading Up 3.3%

LON:TRN opened at GBX 200.24 on Monday. The firm has a 50-day simple moving average of GBX 220.47 and a 200-day simple moving average of GBX 218.87. Trainline has a one year low of GBX 178 and a one year high of GBX 307.60. The firm has a market cap of £681.36 million, a P/E ratio of 10.47 and a beta of 0.40. The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63.

Insider Activity at Trainline

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

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.