Trainline (LON:TRN) Stock Price Down 6.7% – Here’s What Happened

Shares of Trainline Plc (LON:TRN) fell 6.7% during trading on Wednesday . The stock traded as low as GBX 315.60 ($3.98) and last traded at GBX 322.80 ($4.07). Approximately 932,309 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,999,185 shares. The stock had previously closed at GBX 346 ($4.36).

Analysts Set New Price Targets

Several research firms recently weighed in on TRN. Berenberg Bank reiterated a “buy” rating and issued a GBX 490 ($6.18) target price on shares of Trainline in a report on Wednesday, February 12th. Shore Capital reiterated a “buy” rating on shares of Trainline in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 500 ($6.31) target price on shares of Trainline in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 456.25 ($5.76).

Trainline Trading Down 7.2 %

The company’s 50 day simple moving average is GBX 394.32 and its 200 day simple moving average is GBX 364.04. The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52. The firm has a market cap of £1.39 billion, a price-to-earnings ratio of 44.02 and a beta of 1.64.

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.