Trainline (TRN)

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Share Price:
194.20p
Market Cap:
£679.09m
Change Today:
4.20p
Sector:
Tourism and Leisure Services

Canaccord Genuity lowers target price on Trainline

By Iain Gilbert

Date: Monday 11 May 2026

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity cut their target price on online ticketing platform operator Trainline from 330p to 311p on Monday, stating the firm's "mixed outlook" lacked momentum.
Canaccord Genuity stated that while Trainline reported "broadly positive" full year results on 6 May, its mixed outlook left the shares lacking what it believes they need - "momentum in near‑term estimates".

The Canadian bank said continued headwinds in the UK have perpetuated a cycle of "modest downgrades" to revenue growth expectations, leading it to reduce its forecasts by 2.5% to 7% across FY27-FY28 as a result.

However, Canaccord also said it continues to consider most of these headwinds to be "temporary in nature" and should "largely roll off" within the next 12 months.

In addition, Canaccord noted that Trainline was seeing "very strong demand" for its B2B distribution offering, which grew 36% year-on-year, and highlighted that as the "more temporary headwinds" begin to fade, there was "a solid foundation" for medium‑term growth.

"Trainline trades on a 7.8% FCF yield (incl. SBC) and 8.9x P/E on FY27E estimates. We maintain our 'buy' rating but lower our DCF-based target price to 311p due to lower estimates," said Canaccord.







Reporting by Iain Gilbert at Sharecast.com

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 194.20p
Change Today 4.20p
52 Week High 300.00p
52 Week Low 185.20p
Volume 3,244,277
Shares Issued 349.69m
Market Cap £679.09m

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