Trainline (LON:TRN) Downgraded by JPMorgan Chase & Co. to Underweight

JPMorgan Chase & Co. downgraded shares of Trainline (LON:TRN) to an underweight rating in a research report released on Wednesday morning, MarketBeat reports. The firm currently has GBX 230 target price on the stock, down from their prior target price of GBX 300.

A number of other research analysts have also commented on the company. Berenberg Bank upped their price target on Trainline from GBX 490 to GBX 500 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 421 price objective on shares of Trainline in a research note on Thursday, November 6th. Shore Capital reissued a “buy” rating on shares of Trainline in a report on Wednesday, November 5th. UBS Group reissued a “buy” rating and set a GBX 465 price target on shares of Trainline in a research report on Friday, September 5th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 460 target price on shares of Trainline in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 415.20.

Trainline Price Performance

Shares of Trainline stock opened at GBX 214.38 on Wednesday. The company has a fifty day moving average of GBX 258.91 and a 200-day moving average of GBX 269. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. Trainline has a 52-week low of GBX 199.50 and a 52-week high of GBX 452.40. The stock has a market capitalization of £850.79 million, a price-to-earnings ratio of 16.93 and a beta of 1.64.

Trainline (LON:TRN) last released its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 EPS for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. Equities research analysts expect that Trainline will post 16.8458781 EPS for the current year.

Trainline announced that its Board of Directors has approved a stock buyback program on Thursday, September 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is 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.