Trainline (LON:TRN) Shares Down 2.1% – Time to Sell?

Shares of Trainline Plc (LON:TRN) dropped 2.1% during mid-day trading on Thursday . The company traded as low as GBX 269.40 ($3.48) and last traded at GBX 274.90 ($3.55). Approximately 1,012,297 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 3,644,253 shares. The stock had previously closed at GBX 280.80 ($3.62).

Analyst Ratings Changes

A number of research firms recently issued reports on TRN. Canaccord Genuity Group lowered their target price on shares of Trainline from GBX 500 ($6.45) to GBX 485 ($6.26) and set a “buy” rating for the company in a report on Thursday, March 13th. Shore Capital restated a “buy” rating on shares of Trainline in a research report on Thursday, March 13th. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.32) price target on shares of Trainline in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. downgraded Trainline to a “neutral” rating and set a GBX 400 ($5.16) price objective on the stock. in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 442 ($5.70).

Trainline Stock Down 5.2 %

The company has a market capitalization of £1.13 billion, a P/E ratio of 35.77 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. The firm’s 50 day moving average price is GBX 315.81 and its two-hundred day moving average price is GBX 359.57.

About Trainline

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.