Trainline (LON:TRN) Stock Rating Lowered by JPMorgan Chase & Co.

Trainline (LON:TRN) was downgraded by stock analysts at JPMorgan Chase & Co. to an “underweight” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 230 price target on the stock, down from their previous price target of GBX 300. JPMorgan Chase & Co.‘s target price indicates a potential upside of 4.64% from the company’s previous close.

A number of other brokerages have also recently commented on TRN. Canaccord Genuity Group restated a “buy” rating and issued a GBX 421 price target on shares of Trainline in a research report on Thursday, November 6th. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a report on Wednesday, November 5th. UBS Group reissued a “buy” rating and issued a GBX 465 price objective on shares of Trainline in a research note on Friday, September 5th. Peel Hunt restated a “buy” rating and set a GBX 460 price objective on shares of Trainline in a research report on Thursday, November 13th. Finally, Berenberg Bank upped their target price on Trainline from GBX 490 to GBX 500 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Trainline presently has a consensus rating of “Moderate Buy” and an average target price of GBX 415.20.

Trainline Stock Up 2.5%

LON TRN opened at GBX 219.80 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. The company has a market cap of £872.29 million, a price-to-earnings ratio of 17.36 and a beta of 1.64. The company has a 50 day moving average of GBX 257.70 and a 200-day moving average of GBX 268.65. Trainline has a 1-year low of GBX 198.30 and a 1-year high of GBX 452.40.

Trainline (LON:TRN) last issued its quarterly 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, equities research analysts expect that Trainline will post 16.8458781 earnings per share for the current fiscal year.

Trainline announced that its board has authorized a stock buyback program on Thursday, September 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.