Trainline (LON:TRN) Trading Up 4.4% – Time to Buy?

Trainline Plc (LON:TRN)’s stock price traded up 4.4% during mid-day trading on Monday . The company traded as high as GBX 250 and last traded at GBX 247.60. 820,965 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,143,286 shares. The stock had previously closed at GBX 237.20.

Wall Street Analyst Weigh In

TRN has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 350 target price on shares of Trainline in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 580 price target on shares of Trainline in a research note on Thursday, May 7th. Canaccord Genuity Group lowered their price target on Trainline from GBX 330 to GBX 311 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Trainline from GBX 230 to GBX 220 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 397.67.

Trainline Trading Up 4.4%

The business’s 50 day simple moving average is GBX 222.08 and its 200 day simple moving average is GBX 216.56. The stock has a market cap of £864.21 million, a price-to-earnings ratio of 12.94 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17.

Trainline (LON:TRN) last released its quarterly earnings data on Wednesday, May 6th. The company reported GBX 23.60 earnings per share for the quarter. The company had revenue of £452.68 million for the quarter. Trainline had a net margin of 17.63% and a return on equity of 35.11%. On average, research analysts expect that Trainline Plc will post 16.8458781 EPS for the current fiscal year.

Insider Buying and Selling

In other Trainline news, insider Niall McBride purchased 23,084 shares of Trainline stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 206 per share, for a total transaction of £47,553.04. Insiders own 7.44% of the company’s stock.

Trainline Company Profile

Trainline’s ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.

As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.