Trainline (LON:TRN) Shares Down 14.1% – Here’s Why

Trainline Plc (LON:TRN)’s stock price dropped 14.1% during mid-day trading on Wednesday . The company traded as low as GBX 201.20 and last traded at GBX 208.80. Approximately 419,044,875 shares traded hands during trading, an increase of 5,487% from the average daily volume of 7,500,782 shares. The stock had previously closed at GBX 243.

Analyst Ratings Changes

TRN has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their target price on Trainline from GBX 330 to GBX 311 and set a “buy” rating on the stock in a research note on Monday, May 11th. Berenberg Bank restated a “buy” rating and issued a GBX 350 price target on shares of Trainline in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 580 price objective on shares of Trainline in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on Trainline from GBX 230 to GBX 220 and set an “underweight” rating for the company in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 397.67.

Trainline Price Performance

The company’s fifty day moving average price is GBX 227.07 and its 200 day moving average price is GBX 219.68. The company has a market capitalization of £665.29 million, a P/E ratio of 10.12 and a beta of 0.41. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17.

Insider Transactions at Trainline

In related news, insider Niall McBride purchased 23,084 shares of Trainline stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average price of GBX 206 per share, with a total value of £47,553.04. 7.56% of the stock is owned by corporate insiders.

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.