Trainline (LON:TRN) Trading Down 6.4% – Here’s What Happened

Trainline Plc (LON:TRN) dropped 6.4% on Wednesday . The company traded as low as GBX 315.60 ($4.00) and last traded at GBX 323.80 ($4.10). Approximately 1,069,125 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 2,002,961 shares. The stock had previously closed at GBX 346 ($4.38).

Wall Street Analyst Weigh In

TRN has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Trainline to a “neutral” rating and set a GBX 400 ($5.07) price target for the company. in a report on Wednesday. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a report on Thursday, November 7th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.21) price target on shares of Trainline in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 431.25 ($5.46).

Trainline Stock Up 1.1 %

The business has a fifty day simple moving average of GBX 389.75 and a 200 day simple moving average of GBX 363.67. The firm has a market cap of £1.41 billion, a price-to-earnings ratio of 44.44 and a beta of 1.64. The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52.

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.