Trainline (LON:TRN) Reaches New 1-Year High – Still a Buy?

Trainline Plc (LON:TRN) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 451.40 ($5.74) and last traded at GBX 426.60 ($5.42), with a volume of 653020 shares traded. The stock had previously closed at GBX 431 ($5.48).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRN. Berenberg Bank lifted their price objective on Trainline from GBX 475 ($6.04) to GBX 490 ($6.23) and gave the company a “buy” rating in a report on Thursday, November 7th. Shore Capital reissued a “buy” rating on shares of Trainline in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Trainline from GBX 438 ($5.57) to GBX 500 ($6.36) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 456.25 ($5.80).

Trainline Stock Performance

The business has a 50-day moving average of GBX 385.10 and a two-hundred day moving average of GBX 343.11. 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 £1.90 billion, a P/E ratio of 6,094.29 and a beta of 1.64.

Insider Buying and Selling at Trainline

In other Trainline news, insider Marie Lalleman purchased 4,950 shares of Trainline stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of GBX 400 ($5.09) per share, with a total value of £19,800 ($25,171.62). Insiders own 4.08% of the company’s stock.

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.