Trainline (LON:TRN) Trading Down 2.1% - Here's Why

Trainline Plc (LON:TRN - Get Free Report) dropped 2.1% during trading on Thursday . The company traded as low as GBX 269.40 ($3.43) and last traded at GBX 274.90 ($3.50). Approximately 1,012,297 shares changed hands during trading, a decline of 72% from the average daily volume of 3,644,253 shares. The stock had previously closed at GBX 280.80 ($3.57).

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lowered their price objective on Trainline from GBX 500 ($6.36) to GBX 485 ($6.17) and set a "buy" rating for the company in a research note on Thursday, March 13th. Shore Capital reaffirmed a "buy" rating on shares of Trainline in a report on Thursday, March 13th. Berenberg Bank reissued a "buy" rating and set a GBX 490 ($6.24) price objective on shares of Trainline in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered shares of Trainline to a "neutral" rating and set a GBX 400 ($5.09) target price on the stock. in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 442 ($5.63).

Trainline Stock Up 5.1 %

The company has a market capitalization of £1.18 billion, a price-to-earnings ratio of 37.17 and a beta of 1.64. The stock's fifty day simple moving average is GBX 313.67 and its two-hundred day simple moving average is GBX 359.08. The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52.

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.