Shore Capital Reaffirms “Buy” Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital in a note issued to investors on Thursday, Digital Look reports.

Separately, Berenberg Bank lifted their target price on Trainline from GBX 475 ($6.18) to GBX 490 ($6.38) and gave the stock a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 433.75 ($5.65).

Trainline Stock Up 4.4 %

Shares of LON TRN traded up GBX 17.60 ($0.23) during mid-day trading on Thursday, reaching GBX 414.40 ($5.39). The company had a trading volume of 2,994,267 shares, compared to its average volume of 1,288,333. The firm has a 50 day simple moving average of GBX 332.59 and a two-hundred day simple moving average of GBX 325.74. Trainline has a 52-week low of GBX 266.40 ($3.47) and a 52-week high of GBX 423.40 ($5.51). The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. The stock has a market cap of £1.84 billion, a P/E ratio of 5,920.00 and a beta of 1.64.

About Trainline

Trainline Plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally. It operates through three segments: UK Consumer, International Consumer, and Trainline Solutions. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.