Trainline (LON:TRN) Stock Price Down 14.6% – Here’s Why

Shares of Trainline Plc (LON:TRN) traded down 14.6% during mid-day trading on Thursday . The company traded as low as GBX 263.30 ($3.41) and last traded at GBX 267.83 ($3.47). Approximately 6,319,361 shares changed hands during trading, an increase of 62% from the average session volume of 3,894,895 shares. The stock had previously closed at GBX 313.80 ($4.07).

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRN. JPMorgan Chase & Co. cut Trainline to a “neutral” rating and set a GBX 400 ($5.19) price target on the stock. in a report on Wednesday, February 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 490 ($6.35) target price on shares of Trainline in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trainline presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 431.25 ($5.59).

Trainline Price Performance

The company has a 50-day moving average of GBX 355.91 and a 200-day moving average of GBX 362.61. The stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of 37.45 and a beta of 1.64. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68.

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.