JPMorgan Chase & Co. Issues Pessimistic Forecast for Trainline (LON:TRN) Stock Price

Trainline (LON:TRN) had its price target cut by research analysts at JPMorgan Chase & Co. from GBX 330 to GBX 300 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 25.73% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 421 price objective on shares of Trainline in a research report on Thursday, November 6th. UBS Group reissued a “buy” rating and issued a GBX 465 price target on shares of Trainline in a research note on Friday, September 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 460 price target on shares of Trainline in a research report on Thursday, November 13th. Berenberg Bank upped their price objective on Trainline from GBX 490 to GBX 500 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Shore Capital reissued a “buy” rating on shares of Trainline in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Trainline presently has an average rating of “Moderate Buy” and a consensus price target of GBX 429.20.

Trainline Stock Performance

Shares of Trainline stock opened at GBX 238.60 on Monday. The business’s 50 day moving average price is GBX 265.20 and its 200 day moving average price is GBX 270.36. The company has a market cap of £946.90 million, a price-to-earnings ratio of 18.85 and a beta of 1.64. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. Trainline has a one year low of GBX 233.80 and a one year high of GBX 452.40.

Trainline (LON:TRN) last issued its earnings results on Wednesday, November 5th. The company reported GBX 12.58 earnings per share (EPS) for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. On average, research analysts predict that Trainline will post 16.8458781 EPS for the current year.

Trainline declared that its board has authorized a stock repurchase plan on Thursday, September 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Trainline Company Profile

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.