Trainline (LON:TRN) Given New GBX 428 Price Target at Canaccord Genuity Group

Trainline LONTRN is a leading online train ticket booking platform based in the United Kingdom. The company operates in the travel industry and provides a range of services to its customers, including train tickets, hotel bookings, and car rentals.

On Friday, Canaccord Genuity Group, an independent financial advisory firm, released a research report on Trainline LONTRN. In the report, the company increased its price objective for the stock from GBX 371 $4.67 to GBX 428 $5.39. This means that Canaccord Genuity Group believes that the stock is undervalued and has the potential to increase in value.

Canaccord Genuity Group also maintained its buy rating on the stock, which indicates that the firm believes that investors should buy Trainline LONTRN shares. The company's research report was sent to investors on Friday, LSE.Co.UK reports.

Several other equities research analysts have also recently weighed in on Trainline LONTRN. These analysts may have provided their own price targets and ratings for the stock based on their own analysis of the company's financial performance and growth prospects.

It is important to note that Canaccord Genuity Group's research report is just one piece of information that investors should consider when making investment decisions. Investors should also carefully evaluate other factors, such as the company's financial statements, competitive landscape, and market trends, before making any investment decisions.