Barclays Increases Trainline (LON:TRN) Price Target to GBX 380

Trainline (LON:TRN) had its price target upped by stock analysts at Barclays from GBX 365 ($4.59) to GBX 380 ($4.77) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 16.64% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on TRN. Canaccord Genuity Group lifted their target price on shares of Trainline from GBX 371 ($4.66) to GBX 428 ($5.38) and gave the stock a “buy” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. upped their price objective on shares of Trainline from GBX 359 ($4.51) to GBX 392 ($4.92) and gave the company an “overweight” rating in a research note on Tuesday. Finally, Shore Capital restated a “buy” rating on shares of Trainline in a report on Friday, May 3rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 385 ($4.84).

Trainline Stock Performance

LON TRN opened at GBX 325.80 ($4.09) on Tuesday. The company has a debt-to-equity ratio of 49.06, a current ratio of 0.71 and a quick ratio of 0.52. Trainline has a 1-year low of GBX 216.40 ($2.72) and a 1-year high of GBX 393.80 ($4.95). The company has a market cap of £1.53 billion, a PE ratio of 6,516.00 and a beta of 1.56. The stock’s 50 day simple moving average is GBX 342.78 and its 200-day simple moving average is GBX 316.25.

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. The company operates through three segments: UK Consumer, UK Trainline Partner Solutions, and International. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.