Trainline (LON:TRN) Trading Down 14% Following Analyst Downgrade

Trainline Plc (LON:TRN)’s share price fell 14% during mid-day trading 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 266 ($3.44) and last traded at GBX 269.80 ($3.49). 5,327,209 shares were traded during trading, an increase of 37% from the average session volume of 3,875,441 shares. The stock had previously closed at GBX 313.80 ($4.06).

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Trainline to a “neutral” rating and set a GBX 400 ($5.17) price target on the stock. in a research note on Wednesday, February 19th. Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.34) target price on shares of Trainline in a research report on Wednesday, February 12th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Trainline in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 442 ($5.72).

Trainline Stock Down 2.6 %

The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of 36.38 and a beta of 1.64. 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 business’s 50 day moving average is GBX 350.12 and its 200-day moving average is GBX 362.

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.