Trainline (LON:TRN) Trading Down 7.8% – Here’s Why

Shares of Trainline Plc (LON:TRN) dropped 7.8% on Wednesday . The stock traded as low as GBX 314.61 ($3.97) and last traded at GBX 319.10 ($4.03). Approximately 1,296,749 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 2,009,598 shares. The stock had previously closed at GBX 346 ($4.36).

Analysts Set New Price Targets

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

Trainline Price Performance

The company has a market cap 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 price is GBX 394.32 and its 200 day moving average price is GBX 364.04. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07.

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.