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

Trainline Plc (LON:TRN) shot up 12.2% during 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). 6,605,374 shares changed hands during trading, an increase of 202% from the average session volume of 2,187,263 shares. The stock had previously closed at GBX 260 ($3.53).

TRN has been the topic of several other reports. Shore Capital restated a “buy” rating on shares of Trainline in a report on Thursday. UBS Group restated a “buy” rating and issued a GBX 465 price objective on shares of Trainline in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 441.25.

Trainline Stock Performance

The company has a market capitalization of £1.21 billion, a price-to-earnings ratio of 2,369.94 and a beta of 1.64. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The firm has a 50-day simple moving average of GBX 271.53 and a two-hundred day simple moving average of GBX 276.95.

Trainline declared that its Board of Directors has approved a share buyback program on Thursday, September 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board 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.