Trainline (LON:TRN) Stock Price Up 0.7% – What’s Next?

Shares of Trainline Plc (LON:TRN) traded up 0.7% on Friday . The company traded as high as GBX 279 ($3.76) and last traded at GBX 277 ($3.73). 1,161,011 shares were traded during trading, a decline of 45% from the average session volume of 2,120,290 shares. The stock had previously closed at GBX 275 ($3.71).

Wall Street Analysts Forecast Growth

TRN has been the topic of several recent analyst reports. UBS Group restated a “buy” rating and set a GBX 465 price objective on shares of Trainline in a report on Friday, September 5th. Shore Capital restated a “buy” rating on shares of Trainline in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their price objective on shares of Trainline from GBX 320 to GBX 325 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 490 target price on shares of Trainline in a research report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 441.25.

Trainline Price Performance

The firm has a market capitalization of £1.12 billion, a PE ratio of 2,187.99 and a beta of 1.64. The firm’s fifty day moving average price is GBX 273.56 and its 200 day moving average price is GBX 275.58. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07.

Trainline announced that its Board of Directors has approved a share repurchase program on Thursday, September 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.