Trainline (LON:TRN) Shares Cross Above 200 Day Moving Average After Analyst Downgrade

Trainline Plc (LON:TRN)’s share price passed above its 200-day moving average during trading on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 311 to GBX 333. The stock has a 200-day moving average of GBX 214.95 and traded as high as GBX 219. Canaccord Genuity Group currently has a buy rating on the stock. Trainline shares last traded at GBX 217.05, with a volume of 59,304,324 shares traded.

A number of other brokerages also recently commented on TRN. Jefferies Financial Group restated a “buy” rating and set a GBX 350 target price on shares of Trainline in a report on Monday, September 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 price objective on shares of Trainline in a research report on Monday, September 14th. Finally, Shore Capital Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of Trainline in a research note on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Trainline has an average rating of “Moderate Buy” and a consensus price target of GBX 367.57.

Trainline Stock Performance

The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63. The firm has a market cap of £731.71 million, a P/E ratio of 11.35 and a beta of 0.40. The business’s 50-day simple moving average is GBX 204.05 and its 200 day simple moving average is GBX 214.95.

About Trainline

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.