Trainline (LON:TRN) Hits New 12-Month Low After Analyst Downgrade

Trainline Plc (LON:TRN) reached a new 52-week low on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 330 to GBX 300. JPMorgan Chase & Co. currently has a neutral rating on the stock. Trainline traded as low as GBX 235.80 and last traded at GBX 237.60, with a volume of 3216554 shares trading hands. The stock had previously closed at GBX 254.

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

Trainline Stock Up 0.4%

The company’s 50 day simple moving average is GBX 265.20 and its 200-day simple moving average is GBX 270.36. The firm has a market cap of £946.90 million, a P/E ratio of 18.85 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.

Trainline (LON:TRN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 earnings per share for the quarter. Trainline had a net margin of 8.57% and a return on equity of 10.88%. Research analysts forecast that Trainline Plc will post 16.8458781 earnings per share for the current fiscal year.

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