Trainline (LON:TRN) Stock Price Down 6.7% – Time to Sell?

Trainline Plc (LON:TRN)’s share price traded down 6.7% during mid-day trading on Wednesday . The company traded as low as GBX 315.60 ($3.98) and last traded at GBX 322.80 ($4.07). 932,309 shares changed hands 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).

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 500 ($6.31) price objective on shares of Trainline in a research report on Tuesday, January 14th. Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.18) price target on shares of Trainline in a research note on Wednesday, February 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Trainline in a report on Thursday, November 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 456.25 ($5.76).

Trainline Price Performance

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 stock has a market capitalization of £1.39 billion, a price-to-earnings ratio of 44.02 and a beta of 1.64. The company’s 50 day moving average is GBX 394.32 and its 200 day moving average is GBX 364.04.

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.