Trainline (LON:TRN) Sets New 12-Month High – Still a Buy?

Trainline Plc (LON:TRN) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 452.40 ($5.67) and last traded at GBX 434.41 ($5.45), with a volume of 3782 shares trading hands. The stock had previously closed at GBX 432 ($5.42).

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRN. Shore Capital reiterated a “buy” rating on shares of Trainline in a research note on Thursday, November 7th. Berenberg Bank lifted their target price on shares of Trainline from GBX 475 ($5.96) to GBX 490 ($6.15) and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on Trainline from GBX 438 ($5.49) to GBX 500 ($6.27) and gave the company an “overweight” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trainline currently has an average rating of “Buy” and a consensus price target of GBX 456.25 ($5.72).

Trainline Price Performance

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 company has a market capitalization of £1.92 billion, a P/E ratio of 6,188.57 and a beta of 1.64. The firm’s 50-day moving average is GBX 397.37 and its 200-day moving average is GBX 347.56.

Insider Transactions at Trainline

In other news, insider Marie Lalleman bought 4,950 shares of Trainline stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of GBX 400 ($5.02) per share, with a total value of £19,800 ($24,833.81). 4.08% of the stock is currently owned by company insiders.

Trainline Company Profile

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.