Trainline (LON:TRN) Stock Price Up 12.2% After Analyst Upgrade

Shares of Trainline Plc (LON:TRN) rose 12.2% during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 320 to GBX 325. JPMorgan Chase & Co. currently has a neutral rating on the stock. Trainline traded as high as GBX 300 ($4.07) and last traded at GBX 291.80 ($3.96). Approximately 6,605,374 shares traded hands during mid-day trading, an increase of 202% from the average daily volume of 2,187,263 shares. The stock had previously closed at GBX 260 ($3.53).

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

Trainline Price Performance

The business has a 50-day moving average price of GBX 271.53 and a 200 day moving average price of GBX 276.95. The company has a market cap of £1.21 billion, a price-to-earnings ratio of 2,369.94 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 announced that its Board of Directors has approved a share repurchase plan on Thursday, September 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board 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.