Deutsche Bank analyst Gareth Davies maintained a Buy rating on Trainline (TNLIF – Research Report) today and set a price target of £5.80. The company’s shares closed last Monday at $3.61.
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According to TipRanks, Davies is a 2-star analyst with an average return of 2.9% and a 50.00% success rate. Davies covers the Communication Services sector, focusing on stocks such as Future plc, Auto Trader, and S4 Capital Plc.
Trainline has an analyst consensus of Strong Buy, with a price target consensus of $5.79, which is a 60.39% upside from current levels. In a report released on June 19, Stifel Nicolaus also maintained a Buy rating on the stock with a £4.60 price target.
Based on Trainline’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $229.1 million and a net profit of $34.02 million. In comparison, last year the company earned a revenue of $196.93 million and had a net profit of $13.64 million
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNLIF in relation to earlier this year.
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