Trainline (LON:TRN) Trading Down 6.4% - Here's What Happened

Trainline Plc (LON:TRN - Get Free Report)'s stock price dropped 6.4% on Wednesday . The company traded as low as GBX 315.60 ($4.00) and last traded at GBX 323.80 ($4.10). Approximately 1,069,125 shares traded hands during trading, a decline of 47% from the average daily volume of 2,002,961 shares. The stock had previously closed at GBX 346 ($4.38).

Analysts Set New Price Targets

TRN has been the topic of a number of research reports. Shore Capital reissued a "buy" rating on shares of Trainline in a report on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Trainline to a "neutral" rating and set a GBX 400 ($5.07) price objective on the stock. in a report on Wednesday. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 490 ($6.21) price objective on shares of Trainline in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 431.25 ($5.46).

Trainline Stock Down 1.0 %

The stock's 50-day moving average is GBX 389.75 and its 200-day moving average is GBX 363.67. The stock has a market cap of £1.38 billion, a P/E ratio of 43.53 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.

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.