Trainline (LON:TRN) Stock Price Up 0.8% – What’s Next?

Trainline Plc (LON:TRN)’s stock price shot up 0.8% during mid-day trading on Monday . The stock traded as high as GBX 221.98 and last traded at GBX 219. 1,284,902 shares were traded during trading, a decline of 76% from the average session volume of 5,293,467 shares. The stock had previously closed at GBX 217.20.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRN. JPMorgan Chase & Co. cut their target price on Trainline from GBX 230 to GBX 220 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 580 target price on shares of Trainline in a research report on Thursday, May 7th. Shore Capital Group reaffirmed a “buy” rating on shares of Trainline in a research report on Friday, March 20th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 350 target price on shares of Trainline in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group cut their target price on Trainline from GBX 330 to GBX 311 and set a “buy” rating on the stock in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trainline has an average rating of “Moderate Buy” and an average target price of GBX 397.67.

Trainline Stock Performance

The company has a 50-day simple moving average of GBX 227.59 and a two-hundred day simple moving average of GBX 216.32. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 128.17. The firm has a market cap of £786.12 million, a PE ratio of 11.45 and a beta of 0.39.

Trainline (LON:TRN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported GBX 23.60 earnings per share for the quarter. Trainline had a return on equity of 35.11% and a net margin of 17.63%.The business had revenue of £452.68 million for the quarter. As a group, equities research analysts forecast that Trainline Plc will post 16.8458781 earnings per share for the current year.

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.