Trainline (LON:TRN) Trading Down 14% – What’s Next?

Trainline Plc (LON:TRN) shares dropped 14% on Thursday . The company traded as low as GBX 266 ($3.45) and last traded at GBX 269.80 ($3.50). Approximately 5,327,209 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 3,875,441 shares. The stock had previously closed at GBX 313.80 ($4.07).

Wall Street Analysts Forecast Growth

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

Trainline Price Performance

The stock has a market cap of £1.17 billion, a P/E ratio of 36.98 and a beta of 1.64. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The business’s 50-day simple moving average is GBX 355.91 and its two-hundred day simple moving average is GBX 362.61.

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.