Trainline (LON:TRN) Stock Crosses Above 200-Day Moving Average After Analyst Downgrade

Key Points

• Trainline shares crossed above their 200-day moving average, reaching GBX 219 and last trading at GBX 217.05, after Canaccord Genuity raised its price target from GBX 311 to GBX 333 while maintaining a Buy rating.
• Analyst sentiment remains broadly positive: five analysts rate Trainline a Buy, one rates it Hold and one rates it Sell, resulting in a consensus “Moderate Buy” rating and an average price target of GBX 367.57.
• Trainline has a market capitalization of approximately £731.71 million, a P/E ratio of 11.35 and a debt-to-equity ratio of 128.17, while the company targets long-term growth from the shift toward digital and more environmentally sustainable rail and coach travel.

Trainline Plc (LON:TRN - Get Free Report) crossed above its two hundred day moving average during trading on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 311 to GBX 333. The stock has a two hundred day moving average of GBX 214.95 and traded as high as GBX 219. Canaccord Genuity Group currently has a buy rating on the stock. Trainline shares last traded at GBX 217.05, with a volume of 59,304,324 shares.

TRN has been the subject of several other research reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 350 price target on shares of Trainline in a research report on Monday, September 7th. Berenberg Bank restated a "buy" rating and set a GBX 350 price target on shares of Trainline in a report on Monday, September 14th. Finally, Shore Capital Group reissued a "buy" rating and issued a GBX 400 price objective on shares of Trainline in a research report on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 367.57.

Trainline Stock Up 1.9%

The company has a market cap of £731.71 million, a P/E ratio of 11.35 and a beta of 0.40. The stock has a 50-day moving average of GBX 204.05 and a two-hundred day moving average of GBX 214.95. The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63.

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. As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.

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