Trainline (LON:TRN) Trading Up 0.9% – Here’s Why

Trainline Plc (LON:TRN) shares shot up 0.9% during trading on Thursday . The stock traded as high as GBX 340.20 ($4.42) and last traded at GBX 339.40 ($4.41). 355,632 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,282,502 shares. The stock had previously closed at GBX 336.40 ($4.37).

Analyst Ratings Changes

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

Trainline Trading Down 0.7 %

The firm has a market cap of £1.49 billion, a price-to-earnings ratio of 4,814.29 and a beta of 1.64. 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 company has a 50-day moving average price of GBX 320.63 and a 200 day moving average price of GBX 324.12.

About Trainline

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.