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

Trainline (LON:TRN)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 350 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 79.30% from the company’s current price.

TRN has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 350 price target on shares of Trainline in a research note on Monday, September 7th. Shore Capital Group reissued a “buy” rating and set a GBX 400 price objective on shares of Trainline in a research report on Friday. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 381.57.

Trainline Price Performance

Trainline stock opened at GBX 195.20 on Monday. The company has a 50-day moving average price of GBX 220.47 and a 200 day moving average price of GBX 218.87. The stock has a market cap of £664.21 million, a P/E ratio of 10.20 and a beta of 0.40. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 128.17. Trainline has a 12-month low of GBX 178 and a 12-month high of GBX 307.60.

Insiders Place Their Bets

In other news, insider Niall McBride bought 23,084 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were bought at an average price of GBX 206 per share, with a total value 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.