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

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

A number of other equities analysts have also weighed in on TRN. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 price objective on shares of Trainline in a research note on Thursday, September 11th. UBS Group restated a “buy” rating and issued a GBX 465 price target on shares of Trainline in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Trainline from GBX 320 to GBX 325 and gave the company a “neutral” rating in a report on Friday, September 12th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Trainline currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 445.

Trainline Stock Up 5.4%

TRN opened at GBX 268.18 on Wednesday. The firm’s 50 day simple moving average is GBX 269.87 and its two-hundred day simple moving average is GBX 273.01. The company has a market capitalization of £1.07 billion, a PE ratio of 21.18 and a beta of 1.64. Trainline has a 1-year low of GBX 246.80 and a 1-year high of GBX 452.40. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07.

Trainline (LON:TRN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 EPS for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. As a group, equities analysts forecast that Trainline will post 16.8458781 EPS for the current year.

Trainline announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 11th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.