Shares of Trainline Plc (LON:TRN – Get Free Report) were down 14.1% during mid-day trading on Wednesday . The stock traded as low as GBX 201.20 and last traded at GBX 208.80. 419,044,875 shares changed hands during trading, an increase of 5,487% from the average session volume of 7,500,782 shares. The stock had previously closed at GBX 243.
Analyst Ratings Changes
TRN has been the topic of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 350 target price on shares of Trainline in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 580 price target on shares of Trainline in a research note on Thursday, May 7th. JPMorgan Chase & Co. lowered their price objective on Trainline from GBX 230 to GBX 220 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group reduced their target price on shares of Trainline from GBX 330 to GBX 311 and set a “buy” rating for the company in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Trainline currently has an average rating of “Moderate Buy” and a consensus price target of GBX 397.67.
View Our Latest Stock Analysis on Trainline
Trainline Stock Performance
Insider Buying and Selling at Trainline
In related news, insider Niall McBride acquired 23,084 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 206 per share, for a total transaction of £47,553.04. Company insiders own 7.56% of the company’s stock.
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.
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