JPMorgan Chase & Co. Issues Positive Forecast for Trainline (LON:TRN) Stock Price

Key Points

• JPMorgan Chase & Co. has raised its price target for Trainline (LON:TRN) stock from GBX 320 to GBX 325, suggesting an upside potential of 8.54% from its previous close.
• Trainline has received multiple positive ratings from analysts, with four giving it a "Buy" rating and a consensus average price target of GBX 441.25.
• The company recently approved a share buyback plan, indicating the board's belief that its shares are undervalued.

Trainline (LON:TRN - Get Free Report) had its price objective raised by analysts at JPMorgan Chase & Co. from GBX 320 to GBX 325 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 8.54% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Trainline in a report on Thursday. UBS Group reaffirmed a "buy" rating and set a GBX 465 price target on shares of Trainline in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 441.25.

Trainline Stock Performance

Shares of LON TRN opened at GBX 299.42 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The firm's 50-day moving average price is GBX 271.16 and its two-hundred day moving average price is GBX 277.28. Trainline has a 52-week low of GBX 247.80 and a 52-week high of GBX 452.40. The stock has a market capitalization of £1.21 billion, a P/E ratio of 2,365.11 and a beta of 1.64.

Trainline declared that its board has approved a share buyback plan on Thursday, September 11th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors 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.

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