Trainline (LON:TRN) Stock Price Down 6.7% – Should You Sell?

Trainline Plc (LON:TRN) shares dropped 6.7% on Wednesday . The stock traded as low as GBX 315.60 ($4.00) and last traded at GBX 322.80 ($4.09). Approximately 932,309 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,999,185 shares. The stock had previously closed at GBX 346 ($4.38).

Wall Street Analysts Forecast Growth

TRN has been the subject of several research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 490 ($6.21) price objective on shares of Trainline in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut Trainline to a “neutral” rating and set a GBX 400 ($5.07) price objective for the company. in a research report on Wednesday. Finally, Shore Capital reissued a “buy” rating on shares of Trainline in a research report on Thursday, November 7th. One investment 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, Trainline presently has a consensus rating of “Moderate Buy” and an average target price of GBX 431.25 ($5.46).

Trainline Price Performance

The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52. The stock’s 50 day simple moving average is GBX 389.75 and its two-hundred day simple moving average is GBX 363.67. The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 44.44 and a beta of 1.64.

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.