Trainline (LON:TRN) Shares Down 11.9% Following Analyst Downgrade

Shares of Trainline Plc (LON:TRN) fell 11.9% on Thursday after Canaccord Genuity Group lowered their price target on the stock from GBX 500 to GBX 485. Canaccord Genuity Group currently has a buy rating on the stock. Trainline traded as low as GBX 263.30 ($3.41) and last traded at GBX 276.60 ($3.58). 8,350,816 shares traded hands during trading, an increase of 112% from the average session volume of 3,934,728 shares. The stock had previously closed at GBX 313.80 ($4.06).

Several other brokerages have also recently weighed in on TRN. JPMorgan Chase & Co. cut shares of Trainline to a “neutral” rating and set a GBX 400 ($5.17) price target on the stock. in a research report on Wednesday, February 19th. Shore Capital reissued a “buy” rating on shares of Trainline in a research report on Thursday. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.34) price target on shares of Trainline in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 442 ($5.72).

Trainline Price Performance

The stock’s 50-day simple moving average is GBX 350.12 and its 200 day simple moving average is GBX 362. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The company has a market cap of £1.15 billion, a price-to-earnings ratio of 36.38 and a beta of 1.64.

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.