Trainline (LON:TRN) Hits New 12-Month High – What’s Next?

Trainline Plc (LON:TRN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 408.20 ($5.31) and last traded at GBX 396.80 ($5.17), with a volume of 1149891 shares. The stock had previously closed at GBX 400 ($5.21).

Wall Street Analyst Weigh In

Several analysts recently weighed in on TRN shares. Berenberg Bank lifted their target price on shares of Trainline from GBX 460 ($5.99) to GBX 475 ($6.18) and gave the company a “buy” rating in a report on Thursday, September 12th. Shore Capital restated a “buy” rating on shares of Trainline in a research note on Monday, October 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 430 ($5.60).

Trainline Price Performance

The stock’s fifty day moving average price is GBX 332.59 and its 200-day moving average price is GBX 325.74. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The firm has a market cap of £1.82 billion, a PE ratio of 5,668.57 and a beta of 1.64.

About Trainline

Trainline Plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally. It operates through three segments: UK Consumer, International Consumer, and Trainline Solutions. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.