Trainline (LON:TRN) Trading Down 1.1% – What’s Next?

Trainline Plc (LON:TRN) shares dropped 1.1% on Wednesday . The stock traded as low as GBX 218 and last traded at GBX 218.40. Approximately 181,088 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 3,230,574 shares. The stock had previously closed at GBX 220.80.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TRN shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 421 price target on shares of Trainline in a research report on Thursday, November 6th. JPMorgan Chase & Co. downgraded Trainline to an “underweight” rating and reduced their target price for the stock from GBX 300 to GBX 230 in a report on Wednesday, December 3rd. Berenberg Bank increased their price target on Trainline from GBX 490 to GBX 500 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Shore Capital reiterated a “buy” rating on shares of Trainline in a research report on Wednesday, November 5th. Finally, UBS Group reissued a “buy” rating and issued a GBX 465 price objective on shares of Trainline in a research note on Friday, September 5th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 415.20.

Trainline Trading Down 1.1%

The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The business’s fifty day moving average is GBX 241.86 and its two-hundred day moving average is GBX 263. The firm has a market cap of £856.87 million, a price-to-earnings ratio of 13.05 and a beta of 1.64.

Trainline (LON:TRN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 earnings per share (EPS) for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. Equities analysts anticipate that Trainline Plc will post 16.8458781 earnings per share for the current fiscal year.

Trainline declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.