Trainline (LON:TRN) Trading 0.7% Higher – Should You Buy?

Trainline Plc (LON:TRN) shares traded up 0.7% during mid-day trading on Monday . The company traded as high as GBX 273 ($3.64) and last traded at GBX 262.50 ($3.50). 51,988,332 shares traded hands during mid-day trading, an increase of 2,473% from the average session volume of 2,020,735 shares. The stock had previously closed at GBX 260.60 ($3.48).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group restated a “buy” rating and issued a GBX 465 target price on shares of Trainline in a report on Friday, September 5th. JPMorgan Chase & Co. increased their target price on Trainline from GBX 320 to GBX 325 and gave the company a “neutral” rating in a report on Friday, September 12th. Berenberg Bank restated a “buy” rating and issued a GBX 490 target price on shares of Trainline in a report on Thursday, September 11th. Finally, Shore Capital restated a “buy” rating on shares of Trainline in a report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 441.25.

Trainline Trading Up 0.7%

The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52. The company has a fifty day moving average of GBX 272.11 and a 200-day moving average of GBX 274.32. The firm has a market capitalization of £1.05 billion, a PE ratio of 20.73 and a beta of 1.64.

Trainline announced that its Board of Directors has initiated a stock buyback program on Thursday, September 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.