Trainline (LON:TRN) Given New GBX 230 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered its price target for Trainline from GBX 235 to GBX 230 and kept an "underweight" rating, implying roughly a 3.6% downside from the prior close.
• By contrast, the analyst consensus is a Moderate Buy (five Buys, one Sell) with a consensus price target of GBX 397, showing significant divergence from JPMorgan's view.

Trainline (LON:TRN - Get Free Report) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from GBX 235 to GBX 230 in a research note issued on Tuesday,Digital Look reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 3.60% from the company's previous close.

A number of other brokerages have also recently commented on TRN. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 330 price target on shares of Trainline in a research note on Thursday, March 19th. Shore Capital Group reiterated a "buy" rating on shares of Trainline in a research note on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 397.

Trainline Stock Down 0.2%

Shares of TRN opened at GBX 238.60 on Tuesday. Trainline has a 52 week low of GBX 178 and a 52 week high of GBX 308.60. The stock has a market capitalization of £877.89 million, a price-to-earnings ratio of 14.26 and a beta of 0.31. The company has a debt-to-equity ratio of 65.92, a quick ratio of 0.52 and a current ratio of 0.42. The stock has a fifty day moving average of GBX 206.05 and a 200-day moving average of GBX 226.99.

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.

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