Trainline (LON:TRN) Stock Price Up 4.4% – Here’s Why

Trainline Plc (LON:TRN) shares were up 4.4% on Monday . The company traded as high as GBX 250 and last traded at GBX 247.60. 820,965 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,143,286 shares. The stock had previously closed at GBX 237.20.

Analyst Ratings Changes

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

Trainline Price Performance

The stock has a market capitalization of £867.01 million, a P/E ratio of 12.98 and a beta of 0.40. The company has a debt-to-equity ratio of 128.17, a quick ratio of 0.52 and a current ratio of 0.63. The firm has a 50-day moving average price of GBX 222.59 and a 200 day moving average price of GBX 216.80.

Trainline (LON:TRN) last released its earnings results on Wednesday, May 6th. The company reported GBX 23.60 earnings per share for the quarter. The company had revenue of £452.68 million during the quarter. Trainline had a return on equity of 35.11% and a net margin of 17.63%. On average, analysts expect that Trainline Plc will post 16.8458781 EPS for the current year.

Insider Activity at Trainline

In other Trainline news, insider Niall McBride purchased 23,084 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of GBX 206 per share, with a total value of £47,553.04. Company insiders own 7.44% of the company’s stock.

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.

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.