Berenberg Bank Issues Positive Forecast for Trainline (LON:TRN) Stock Price

Trainline (LON:TRN) had its target price boosted by Berenberg Bank from GBX 475 ($6.18) to GBX 490 ($6.38) in a research report released on Thursday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Shore Capital reiterated a “buy” rating on shares of Trainline in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 433.75 ($5.65).

Trainline Price Performance

Shares of TRN traded down GBX 20 ($0.26) during mid-day trading on Thursday, hitting GBX 396.80 ($5.17). 1,634,416 shares of the company traded hands, compared to its average volume of 1,291,990. 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 capitalization of £1.76 billion, a price-to-earnings ratio of 5,953.57 and a beta of 1.64. The business has a 50-day moving average of GBX 332.59 and a 200 day moving average of GBX 325.74. Trainline has a one year low of GBX 266.40 ($3.47) and a one year high of GBX 423.40 ($5.51).

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.