Trainline (LON:TRN) Shares Down 14.6% on Analyst Downgrade

Trainline Plc (LON:TRN)’s stock price traded down 14.6% during 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 263.30 ($3.41) and last traded at GBX 267.83 ($3.46). 6,319,361 shares traded hands during trading, an increase of 62% from the average session volume of 3,894,895 shares. The stock had previously closed at GBX 313.80 ($4.06).

TRN has been the topic of several other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.34) price target on shares of Trainline in a report on Wednesday, February 12th. Shore Capital reissued a “buy” rating on shares of Trainline in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded Trainline to a “neutral” rating and set a GBX 400 ($5.17) price target for the company. in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 442 ($5.72).

Trainline Price Performance

The stock has a market cap 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 company has a 50-day simple moving average of GBX 350.12 and a two-hundred day simple moving average of GBX 362.

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.