JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Trainline (LON:TRN) Stock

Trainline (LON:TRN) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from GBX 320 to GBX 325 in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.32% from the company’s current price.

A number of other research firms have also recently issued reports on TRN. UBS Group reiterated a “buy” rating and set a GBX 465 price objective on shares of Trainline in a research report on Friday, September 5th. Shore Capital reiterated a “buy” rating on shares of Trainline in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 441.25.

Trainline Price Performance

TRN stock opened at GBX 300.03 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. Trainline has a 12 month low of GBX 247.80 and a 12 month high of GBX 452.40. The firm has a market cap of £1.21 billion, a P/E ratio of 2,369.94 and a beta of 1.64. The company’s 50-day moving average price is GBX 271.53 and its two-hundred day moving average price is GBX 276.95.

Trainline announced that its board has approved a stock repurchase program on Thursday, September 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are 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.