Trainline (LON:TRN) Trading 8.8% Higher - Here's Why

Key Points

• Trainline Plc (LON:TRN) saw its stock price rise by 8.8%, closing at GBX 283 ($3.83) after reaching a high of GBX 300 ($4.06) during trading.
• Analysts have mixed views on Trainline, with UBS Group maintaining a "buy" rating and setting a price target of GBX 465, while JPMorgan Chase lowered its target to GBX 320 and rated the stock as "neutral."
• The company has a market capitalization of £1.15 billion and its stock currently carries an average "Moderate Buy" rating, with a target price of GBX 440.

Trainline Plc (LON:TRN - Get Free Report) was up 8.8% during mid-day trading on Thursday . The company traded as high as GBX 300 ($4.06) and last traded at GBX 283 ($3.83). Approximately 22,511,809 shares traded hands during trading, an increase of 888% from the average daily volume of 2,277,640 shares. The stock had previously closed at GBX 260 ($3.52).

Analysts Set New Price Targets

Several equities research analysts recently commented on TRN shares. JPMorgan Chase & Co. dropped their price objective on shares of Trainline from GBX 325 to GBX 320 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. UBS Group reissued a "buy" rating and issued a GBX 465 price target on shares of Trainline in a research report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 440.

Trainline Stock Performance

The firm has a market capitalization of £1.15 billion, a P/E ratio of 2,236.97 and a beta of 1.64. 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 business's 50 day simple moving average is GBX 270.95 and its two-hundred day simple moving average is GBX 277.44.

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.

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