Trainline (LON:TRN) Price Target Raised to GBX 330

Trainline (LON:TRN) had its target price upped by research analysts at JPMorgan Chase & Co. from GBX 325 to GBX 330 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 25.57% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Shore Capital reiterated a “buy” rating on shares of Trainline in a research note on Wednesday, November 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 460 price objective on shares of Trainline in a report on Thursday. Berenberg Bank increased their target price on shares of Trainline from GBX 490 to GBX 500 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. UBS Group reaffirmed a “buy” rating and issued a GBX 465 price target on shares of Trainline in a research report on Friday, September 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 421 price target on shares of Trainline in a research note on Thursday, November 6th. Five investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 435.20.

Trainline Stock Down 1.9%

Shares of Trainline stock traded down GBX 5.20 during trading hours on Friday, hitting GBX 262.80. 411,924 shares of the company’s stock traded hands, compared to its average volume of 1,989,485. Trainline has a twelve month low of GBX 246.80 and a twelve month high of GBX 452.40. The company has a market cap of £1.04 billion, a PE ratio of 20.76 and a beta of 1.64. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The stock has a 50 day simple moving average of GBX 270.05 and a 200-day simple moving average of GBX 272.26.

Trainline (LON:TRN) last announced 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%. Equities research analysts anticipate that Trainline will post 16.8458781 earnings per share for the current fiscal year.

Trainline announced that its Board of Directors has approved a stock buyback plan on Thursday, September 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication 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.