Trainline (LON:TRN) Reaches New 1-Year High – What’s Next?

Trainline Plc (LON:TRN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 408.20 ($5.31) and last traded at GBX 396.80 ($5.17), with a volume of 1149891 shares. The stock had previously closed at GBX 400 ($5.21).

Analyst Ratings Changes

TRN has been the subject of several recent research reports. Berenberg Bank raised their target price on shares of Trainline from GBX 460 ($5.99) to GBX 475 ($6.18) and gave the stock a “buy” rating in a report on Thursday, September 12th. Shore Capital reissued a “buy” rating on shares of Trainline in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trainline has a consensus rating of “Buy” and an average target price of GBX 430 ($5.60).

Trainline Stock Performance

The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The company has a market cap of £1.82 billion, a PE ratio of 5,668.57 and a beta of 1.64. The firm’s 50 day moving average is GBX 332.59 and its 200-day moving average is GBX 325.74.

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.