Trainline (LON:TRN) Sets New 52-Week Low Following Analyst Downgrade

Trainline Plc (LON:TRN)’s share price reached a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at GBX 254.

Several other research analysts have also weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a GBX 465 price target on shares of Trainline in a research note on Friday, September 5th. Canaccord Genuity Group restated a “buy” rating and set a GBX 421 price objective on shares of Trainline in a report on Thursday, November 6th. Berenberg Bank boosted their price objective 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. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a research note on Wednesday, November 5th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 460 target price on shares of Trainline in a report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 429.20.

Trainline Price Performance

The stock has a market capitalization of £942.93 million, a price-to-earnings ratio of 18.77 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 company has a fifty day simple moving average of GBX 266.28 and a two-hundred day simple moving average of GBX 270.45.

Trainline (LON:TRN) last released its earnings results on Wednesday, November 5th. The company reported GBX 12.58 earnings per share for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. As a group, equities research analysts expect that Trainline Plc will post 16.8458781 earnings per share for the current fiscal year.

Trainline declared that its Board of Directors has approved a share buyback plan on Thursday, September 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase 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.