Canaccord Genuity Group Issues Pessimistic Forecast for Trainline (LON:TRN) Stock Price

Trainline (LON:TRN) had its target price dropped by stock analysts at Canaccord Genuity Group from GBX 500 ($6.47) to GBX 485 ($6.27) in a report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 82.74% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded Trainline to a “neutral” rating and set a GBX 400 ($5.17) target price on the stock. in a research report on Wednesday, February 19th. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a report on Thursday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.34) price target on shares of Trainline in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 442 ($5.72).

Trainline Trading Down 2.6 %

LON:TRN opened at GBX 265.40 ($3.43) on Thursday. The company has a market cap of £1.15 billion, a P/E ratio of 36.38 and a beta of 1.64. The stock’s fifty day moving average price is GBX 350.12 and its two-hundred day moving average price is GBX 362. Trainline has a 1 year low of GBX 261.80 ($3.39) and a 1 year high of GBX 452.40 ($5.85). The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52.

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.