Trainline (LON:TRN) Price Target Raised to GBX 325 at JPMorgan Chase & Co.

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 increased by equities researchers at JPMorgan Chase & Co. from GBX 320 to GBX 325 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 13.96% from the company's previous close.

Several other analysts also recently commented on TRN. UBS Group reissued a "buy" rating and set a GBX 465 price objective on shares of Trainline in a research report on Friday, September 5th. Shore Capital reissued a "buy" rating on shares of Trainline in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Trainline has a consensus rating of "Moderate Buy" and a consensus price target of GBX 441.25.

Trainline Trading Down 2.6%

Trainline stock traded down GBX 7.60 during mid-day trading on Friday, reaching GBX 285.20. 904,813 shares of the company traded hands, compared to its average volume of 2,170,338. The firm's 50 day moving average price is GBX 272.22 and its 200 day moving average price is GBX 276.75. The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of 2,252.76 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 has a 52-week low of GBX 247.80 and a 52-week high of GBX 452.40.

Trainline declared that its Board of Directors has authorized a stock buyback program on Thursday, September 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership 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.