Trainline (LON:TRN) Reaches New 12-Month Low After Analyst Downgrade

Trainline Plc (LON:TRN) shares hit a new 52-week low 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 268.40 ($3.47), with a volume of 5274372 shares trading hands. The stock had previously closed at GBX 313.80 ($4.06).

Other research analysts have also recently issued reports about the stock. 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 report on Wednesday, February 19th. Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.34) target price on shares of Trainline in a research note on Wednesday, February 12th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Trainline in a research report on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 442 ($5.72).

Trainline Trading Down 2.6 %

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 capitalization of £1.15 billion, a P/E ratio of 36.38 and a beta of 1.64. The company’s fifty day simple moving average is GBX 350.12 and its 200-day simple 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.