Trainline (LON:TRN) Price Target Raised to GBX 480 at Barclays

Trainline (LON:TRN) had its price objective raised by Barclays from GBX 425 ($5.55) to GBX 480 ($6.27) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on TRN. Peel Hunt reissued a hold rating on shares of Trainline in a report on Monday, September 9th. Morgan Stanley started coverage on Trainline in a report on Thursday, August 1st. They issued an equal weight rating and a GBX 450 ($5.88) price objective for the company.

Shares of TRN stock opened at GBX 475.50 ($6.21) on Friday. Trainline has a 12-month low of GBX 404 ($5.28) and a 12-month high of GBX 484.50 ($6.33). The company has a market cap of $2.29 billion and a price-to-earnings ratio of -0.11. The business has a 50 day simple moving average of GBX 445.77.

In related news, insider Douglas McCallum sold 1,876,006 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of GBX 350 ($4.57), for a total value of £6,566,021 ($8,579,669.41).

About Trainline

Trainline Plc operates an independent rail and coach travel platform. The company operates through three segments: UK Consumer, International, and Trainline for Business. The UK Consumer segment sells rail tickets to domestic and inbound customers on behalf of various rail and coach carriers in the United Kingdom.

Read More: What is meant by buying and selling pressure?

Receive News & Ratings for Trainline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trainline and related companies with MarketBeat.com's FREE daily email newsletter.