Trainline (LON:TRN) Trading 3% Higher – Should You Buy?

Trainline Plc (LON:TRN) shares traded up 3% during mid-day trading on Wednesday . The company traded as high as GBX 315.80 ($4.10) and last traded at GBX 313.20 ($4.06). 1,882,315 shares changed hands during trading, a decline of 51% from the average session volume of 3,846,406 shares. The stock had previously closed at GBX 304 ($3.94).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.35) price target on shares of Trainline in a research report on Wednesday, February 12th. JPMorgan Chase & Co. downgraded Trainline to a “neutral” rating and set a GBX 400 ($5.19) price target on the stock. in a research report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 431.25 ($5.59).

Trainline Stock Performance

The business has a 50-day moving average of GBX 355.91 and a two-hundred day moving average of GBX 362.61. The company has a market cap of £1.36 billion, a P/E ratio of 42.93 and a beta of 1.64. The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52.

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.