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

Trainline (LON:TRN)‘s stock had its “overweight” rating reissued by JPMorgan Chase & Co. in a research report issued on Friday, LSE.Co.UK reports. They currently have a GBX 410 ($5.19) target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 20.23% from the company’s current price.

TRN has been the subject of several other reports. Canaccord Genuity Group lifted their price target on Trainline from GBX 428 ($5.41) to GBX 455 ($5.76) and gave the company a “buy” rating in a research report on Thursday, May 30th. Shore Capital reaffirmed a “buy” rating on shares of Trainline in a report on Friday, May 3rd. Finally, Barclays raised their price objective on Trainline from GBX 365 ($4.62) to GBX 380 ($4.81) and gave the company an “overweight” rating in a report on Tuesday, May 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 396.25 ($5.01).

Trainline Stock Performance

LON TRN opened at GBX 341 ($4.31) on Friday. The firm has a market capitalization of £1.59 billion, a P/E ratio of 4,871.43 and a beta of 1.59. The stock has a 50-day simple moving average of GBX 319.47 and a two-hundred day simple moving average of GBX 327.65. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. Trainline has a fifty-two week low of GBX 216.40 ($2.74) and a fifty-two week high of GBX 393.80 ($4.98).

Insider Buying and Selling at Trainline

In other news, insider Jody Ford sold 72,856 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of GBX 330 ($4.17), for a total value of £240,424.80 ($304,104.22). 0.97% of the stock is currently owned by insiders.

About Trainline

Trainline Plc engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets the United Kingdom and internationally. The company operates through three segments: UK Consumer, UK Trainline Partner Solutions, and International. The UK Consumer segment provides travel apps and websites for individual travelers for journeys within the United Kingdom.