Trainline (LON:TRN) Reaches New 1-Year Low – What’s Next?

Trainline Plc (LON:TRN)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 184.61 and last traded at GBX 188.30, with a volume of 7038305 shares changing hands. The stock had previously closed at GBX 203.20.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRN. Peel Hunt reissued a “buy” rating and set a GBX 460 price objective on shares of Trainline in a report on Thursday, November 13th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 421 target price on shares of Trainline in a research note on Thursday, November 6th. Shore Capital Group reissued a “buy” rating on shares of Trainline in a report on Wednesday, November 5th. Berenberg Bank lifted their price objective on Trainline from GBX 490 to GBX 500 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Trainline from GBX 230 to GBX 215 and set an “underweight” rating for the company in a research report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 412.20.

Trainline Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. The firm’s fifty day moving average price is GBX 210.45 and its 200-day moving average price is GBX 242.71. The company has a market cap of £721.02 million, a P/E ratio of 11.33 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.

As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.