Berenberg Bank Raises Trainline (LON:TRN) Price Target to GBX 475

Trainline (LON:TRN) had its price objective hoisted by stock analysts at Berenberg Bank from GBX 460 ($6.02) to GBX 475 ($6.21) in a report issued on Thursday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 45.79% from the company’s current price.

Several other equities research analysts also recently commented on TRN. Canaccord Genuity Group increased their price objective on Trainline from GBX 428 ($5.60) to GBX 455 ($5.95) and gave the company a “buy” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 410 ($5.36) price objective on shares of Trainline in a research note on Friday, July 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 430 ($5.62).

Trainline Trading Up 8.5 %

Shares of LON TRN traded up GBX 25.60 ($0.33) during midday trading on Thursday, reaching GBX 325.80 ($4.26). 39,645,871 shares of the stock were exchanged, compared to its average volume of 1,546,371. Trainline has a 12 month low of GBX 229.20 ($3.00) and a 12 month high of GBX 393.80 ($5.15). The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52. The company has a market capitalization of £1.45 billion, a price-to-earnings ratio of 4,656.83 and a beta of 1.64. The business has a 50-day simple moving average of GBX 318.70 and a two-hundred day simple moving average of GBX 327.79.

Trainline Company Profile

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.