Trainline (LON:TRN) Stock Price Up 0.9% – Here’s What Happened

Trainline Plc (LON:TRN)’s stock price rose 0.9% during mid-day trading on Thursday . The company traded as high as GBX 340.20 ($4.42) and last traded at GBX 339.40 ($4.41). Approximately 355,632 shares changed hands during trading, a decline of 72% from the average daily volume of 1,282,502 shares. The stock had previously closed at GBX 336.40 ($4.37).

Analyst Upgrades and Downgrades

TRN has been the subject of several recent analyst reports. Berenberg Bank boosted their price target on shares of Trainline from GBX 460 ($5.97) to GBX 475 ($6.17) and gave the stock a “buy” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 410 ($5.32) target price on shares of Trainline in a research note on Friday, July 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Trainline presently has an average rating of “Buy” and a consensus target price of GBX 430 ($5.58).

Trainline Price Performance

The company has a 50-day moving average of GBX 319.73 and a 200 day moving average of GBX 324.24. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The stock has a market capitalization of £1.50 billion, a PE ratio of 4,848.57 and a beta of 1.64.

Trainline Company Profile

Trainline Plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally. It operates through three segments: UK Consumer, International Consumer, and Trainline Solutions. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.