Trainline (LON:TRN) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Trainline (LON:TRN) in a research report sent to investors on Thursday morning, Digital Look reports. The brokerage issued an equal weight rating and a GBX 450 ($5.88) target price on the stock.

Separately, Peel Hunt started coverage on shares of Trainline in a research report on Wednesday, July 24th. They set a hold rating and a GBX 400 ($5.23) target price for the company.

TRN traded down GBX 6 ($0.08) on Thursday, reaching GBX 436 ($5.70). 191,507 shares of the company’s stock were exchanged. The company has a market cap of $2.10 billion and a PE ratio of -0.10. Trainline has a twelve month low of GBX 404 ($5.28) and a twelve month high of GBX 451 ($5.89).

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

Trainline Company Profile

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.

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