Trainline (LON:TRN) Reaches New 1-Year High – Here’s Why

Trainline Plc (LON:TRN) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 451.40 ($5.64) and last traded at GBX 426.60 ($5.33), with a volume of 653020 shares changing hands. The stock had previously closed at GBX 431 ($5.39).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Trainline from GBX 438 ($5.47) to GBX 500 ($6.25) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Berenberg Bank raised their price objective on shares of Trainline from GBX 475 ($5.94) to GBX 490 ($6.12) and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Trainline in a report on Thursday, November 7th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 456.25 ($5.70).

Trainline Stock Performance

The stock’s 50 day moving average price is GBX 389.10 and its two-hundred day moving average price is GBX 344.36. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. The firm has a market capitalization of £1.88 billion, a price-to-earnings ratio of 6,045.71 and a beta of 1.64.

Insiders Place Their Bets

In other news, insider Marie Lalleman bought 4,950 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of GBX 400 ($5.00) per share, for a total transaction of £19,800 ($24,746.91). 4.08% of the stock is currently owned by company insiders.

About Trainline

Trainline Plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally. It operates through three segments: UK Consumer, International Consumer, and Trainline Solutions. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.