JPMorgan Chase & Co. Reaffirms Overweight Rating for Trainline (LON:TRN)

JPMorgan Chase & Co. reiterated their overweight rating on shares of Trainline (LON:TRN) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 500 ($6.10) target price on the stock.

Several other equities research analysts have also commented on the stock. Berenberg Bank boosted their price target on shares of Trainline from GBX 475 ($5.80) to GBX 490 ($5.98) and gave the stock a “buy” rating in a report on Thursday, November 7th. Shore Capital reissued a “buy” rating on shares of Trainline in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 456.25 ($5.57).

Trainline Stock Performance

Shares of TRN stock opened at GBX 400.24 ($4.89) on Tuesday. The company has a market capitalization of £1.77 billion, a P/E ratio of 5,717.71 and a beta of 1.64. Trainline has a 12-month low of GBX 288.95 ($3.53) and a 12-month high of GBX 452.40 ($5.52). The business’s 50 day moving average is GBX 415.59 and its two-hundred day moving average is GBX 357.31. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07.

Insiders Place Their Bets

In other Trainline news, insider Marie Lalleman acquired 4,950 shares of the business’s stock in a transaction on Friday, November 8th. The stock was bought at an average price of GBX 400 ($4.88) per share, for a total transaction of £19,800 ($24,172.87). 4.08% of the stock is currently owned by corporate insiders.

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.