Berenberg Bank Reaffirms “Buy” Rating for Trainline (LON:TRN)

Trainline (LON:TRN)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 350 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 50.73% from the stock’s current price.

Several other brokerages have also weighed in on TRN. Shore Capital Group reiterated a “buy” rating on shares of Trainline in a research report on Friday, March 20th. JPMorgan Chase & Co. decreased their target price on shares of Trainline from GBX 235 to GBX 230 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 330 target price on shares of Trainline in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Trainline has a consensus rating of “Moderate Buy” and a consensus target price of GBX 367.

Trainline Stock Performance

LON TRN opened at GBX 232.20 on Wednesday. The company has a debt-to-equity ratio of 65.92, a current ratio of 0.42 and a quick ratio of 0.52. The firm has a market capitalization of £854.34 million, a price-to-earnings ratio of 13.88 and a beta of 0.33. The company’s fifty day moving average is GBX 217.53 and its two-hundred day moving average is GBX 223.97. Trainline has a 52-week low of GBX 178 and a 52-week high of GBX 307.60.

Trainline (LON:TRN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported GBX 23.60 earnings per share (EPS) for the quarter. The company had revenue of £452.68 million for the quarter. Trainline had a net margin of 16.34% and a return on equity of 27.44%. Equities research analysts forecast that Trainline will post 16.8458781 EPS for the current year.

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.