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

Trainline Plc (LON:TRN) 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).

Wall Street Analysts Forecast Growth

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

Trainline Trading Down 0.8 %

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 £1.88 billion, a price-to-earnings ratio of 6,045.71 and a beta of 1.64. The business’s 50-day moving average price is GBX 389.10 and its two-hundred day moving average price is GBX 344.36.

Insider Buying and Selling at Trainline

In other Trainline news, insider Marie Lalleman acquired 4,950 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price 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 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.