JPMorgan Chase & Co. Cuts Trainline (LON:TRN) Price Target to GBX 215

Trainline (LON:TRN) had its target price dropped by research analysts at JPMorgan Chase & Co. from GBX 230 to GBX 215 in a report issued on Monday, Marketbeat.com reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 1.65% from the stock’s previous close.

TRN has been the subject of a number of other reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 421 price target on shares of Trainline in a research report on Thursday, November 6th. Shore Capital reiterated a “buy” rating on shares of Trainline in a research note on Wednesday, November 5th. Peel Hunt restated a “buy” rating and issued a GBX 460 price objective on shares of Trainline in a report on Thursday, November 13th. Finally, Berenberg Bank increased their target price on Trainline from GBX 490 to GBX 500 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 412.20.

Trainline Trading Down 1.9%

Trainline stock traded down GBX 4.26 during trading hours on Monday, reaching GBX 218.60. The stock had a trading volume of 887,870 shares, compared to its average volume of 3,224,997. The company has a fifty day simple moving average of GBX 233.67 and a 200-day simple moving average of GBX 258.39. Trainline has a 52 week low of GBX 198.30 and a 52 week high of GBX 426. The stock has a market cap of £845.76 million, a PE ratio of 13.07 and a beta of 1.64. The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52.

Trainline (LON:TRN) last posted its earnings results on Wednesday, November 5th. The company reported GBX 12.58 earnings per share (EPS) for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. Analysts forecast that Trainline will post 16.8458781 EPS for the current fiscal year.

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.

As most rail and coach tickets continue to be sold offline at the station, and as customers and governments commit to more environmentally friendly modes of travel, we see significant growth opportunities for Trainline over the long term.