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Trainline (LON:TRN) Shares Down 11.9% - Here's What Happened

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Trainline Plc (LON:TRN - Get Free Report)'s share price was down 11.9% during trading on Thursday . The stock traded as low as GBX 263.30 ($3.41) and last traded at GBX 276.60 ($3.59). Approximately 8,350,816 shares traded hands during mid-day trading, an increase of 112% from the average daily volume of 3,934,728 shares. The stock had previously closed at GBX 313.80 ($4.07).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRN shares. Berenberg Bank restated a "buy" rating and set a GBX 490 ($6.35) price target on shares of Trainline in a report on Wednesday, February 12th. JPMorgan Chase & Co. cut shares of Trainline to a "neutral" rating and set a GBX 400 ($5.19) target price for the company. in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 431.25 ($5.59).

View Our Latest Research Report on Trainline

Trainline Stock Down 12.4 %

The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The company has a market capitalization of £1.19 billion, a PE ratio of 37.67 and a beta of 1.64. The company's fifty day moving average is GBX 355.91 and its 200-day moving average is GBX 362.61.

Trainline Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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