Trainline Plc (LON:TRN - Get Free Report) was up 12.2% during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 320 to GBX 325. JPMorgan Chase & Co. currently has a neutral rating on the stock. Trainline traded as high as GBX 300 ($4.10) and last traded at GBX 291.80 ($3.98). Approximately 6,605,374 shares changed hands during mid-day trading, an increase of 202% from the average daily volume of 2,187,263 shares. The stock had previously closed at GBX 260 ($3.55).
Other analysts have also recently issued reports about the company. UBS Group restated a "buy" rating and issued a GBX 465 target price on shares of Trainline in a research report on Friday, September 5th. Shore Capital reiterated a "buy" rating on shares of Trainline in a research report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Trainline presently has a consensus rating of "Moderate Buy" and an average price target of GBX 441.25.
Check Out Our Latest Stock Analysis on TRN
Trainline Stock Down 2.6%
The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. 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 stock has a fifty day moving average of GBX 272.22 and a 200-day moving average of GBX 276.75.
Trainline declared that its Board of Directors has initiated a share buyback program on Thursday, September 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.
About Trainline
(
Get Free Report)
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.
See Also
Before you consider Trainline, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trainline wasn't on the list.
While Trainline currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
