Trainline (LON:TRN) Shares Down 14.6% on Analyst Downgrade

Trainline Plc (LON:TRN) shares fell 14.6% during trading on Thursday after Canaccord Genuity Group lowered their price target on the stock from GBX 500 to GBX 485. Canaccord Genuity Group currently has a buy rating on the stock. Trainline traded as low as GBX 263.30 ($3.41) and last traded at GBX 267.83 ($3.46). 6,319,361 shares changed hands during trading, an increase of 62% from the average session volume of 3,894,895 shares. The stock had previously closed at GBX 313.80 ($4.06).

Other equities research analysts have also recently issued reports about the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.34) price objective on shares of Trainline in a research note on Wednesday, February 12th. Shore Capital restated a “buy” rating on shares of Trainline in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Trainline to a “neutral” rating and set a GBX 400 ($5.17) price target on the stock. in a research report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 442 ($5.72).

Trainline Stock Performance

The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52. The company has a market cap of £1.15 billion, a price-to-earnings ratio of 36.38 and a beta of 1.64. The stock has a 50-day moving average price of GBX 350.12 and a 200 day moving average price of GBX 362.

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.