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Prices & Quotes - UK Markets - Trainline (TRN)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 271.20p
Change Today:
14.00p
Market Cap:
1,303.61m
Sector:
Travel & Leisure

Barclays downgrades Trainline after late 2020 bounce

By Michele Maatouk

Date: Friday 29 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Barclays downgraded its stance on shares of Trainline on Friday to 'underweight' from 'equalweight' and trimmed the price target to 360p from 365p after a late bounce in 2020.
The bank said it has been cautious on Trainline for some time. It argued that the market is not putting enough weight on risks from the pace of a recovery in train volumes and regulation.

"To be clear, we aren't suggesting the upcoming government study will be a disaster for Trainline; our base case is that it is high-level and does not have a dramatic impact," it said. "But in the long term, we simply struggle to put a marketplace-type multiple on a business that, thanks to Covid-19, is now an intermediary in a regulated industry that loses money with essentially one end-backer, the government."

Barclays said Trainline adds significant value with its technology and has an impressive consumer product, but the bank doesn't believe this is enough "to sustain margins in perpetuity".

At 1000 GMT, the shares were down 4.5% at 402.20p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Trainline Market Data

Currency UK Pounds
Price 271.20p
Change Today 14.00p
52 Week High 527.50p
52 Week Low 256.80p
Volume 2,765,313
Shares Issued 480.68m
Market Cap 1,303.61m

Performance Indicators

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Trainline Dividends

No dividends found

Trades for 11-Jun-2021

Time Volume / Share Price
16:35 800,997 @ 271.20p
16:29 199 @ 270.80p
16:29 20 @ 270.80p
16:29 132 @ 270.40p
16:29 212 @ 270.40p

Trainline Key Personnel

CEO Jody Ford