Trainline (LON:TRN) Shares Down 1.6% – Here’s What Happened

Trainline Plc (LON:TRN)’s share price was down 1.6% on Tuesday . The company traded as low as GBX 347.80 ($4.34) and last traded at GBX 358 ($4.47). Approximately 521,159 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,579,446 shares. The stock had previously closed at GBX 364 ($4.54).

Analyst Upgrades and Downgrades

TRN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 500 ($6.24) price target on shares of Trainline in a report on Tuesday, January 14th. Berenberg Bank lifted their target price on Trainline from GBX 475 ($5.93) to GBX 490 ($6.12) and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Shore Capital restated a “buy” rating on shares of Trainline in a research note on Thursday, November 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 456.25 ($5.69).

Trainline Price Performance

The company’s 50 day simple moving average is GBX 407.54 and its two-hundred day simple moving average is GBX 362.45. 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 has a market capitalization of £1.59 billion, a P/E ratio of 5,114.29 and a beta of 1.64.

Trainline (LON:TRN) last released its quarterly earnings results on Thursday, November 7th. The company reported GBX 9.88 ($0.12) earnings per share for the quarter. Trainline had a return on equity of 11.28% and a net margin of 8.57%. As a group, equities analysts expect that Trainline Plc will post 16.8458781 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trainline news, insider Marie Lalleman purchased 4,950 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of GBX 400 ($4.99) per share, with a total value of £19,800 ($24,712.93). Company insiders own 4.08% of the company’s stock.

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.