Trainline (LON:TRN) Hits New 52-Week High – Here’s Why

Trainline Plc (LON:TRN)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 442.20 ($5.58) and last traded at GBX 434.80 ($5.49), with a volume of 795649 shares traded. The stock had previously closed at GBX 433.40 ($5.47).

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Berenberg Bank boosted their price objective on Trainline from GBX 475 ($6.00) to GBX 490 ($6.18) and gave the company a “buy” rating in a research note on Thursday, November 7th. Shore Capital reissued a “buy” rating on shares of Trainline in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trainline from GBX 438 ($5.53) to GBX 500 ($6.31) and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 456.25 ($5.76).

Trainline Price Performance

The business has a 50-day moving average of GBX 380.93 and a 200 day moving average of GBX 341.49. The firm has a market capitalization of £1.92 billion, a P/E ratio of 6,177.14 and a beta of 1.64. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07.

Insider Activity

In related news, insider Marie Lalleman acquired 4,950 shares of the stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of GBX 400 ($5.05) per share, with a total value of £19,800 ($24,990.53). Corporate 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.