Trainline (LON:TRN) Shares Up 12.2% - Time to Buy?

Key Points

• Trainline Plc's shares surged 12.2% on Friday, reaching a high of GBX 300 ($4.07) and significantly increasing trading volume by 202% compared to average levels.
• Analysts maintain a positive outlook on Trainline, with four out of five rating it as a Buy, while the consensus price target stands at GBX 440.
• The company has initiated a share repurchase program indicating that the board believes its shares are undervalued, which is generally seen as a positive sign for investors.

Shares of Trainline Plc (LON:TRN - Get Free Report) shot up 12.2% during trading on Friday . The stock traded as high as GBX 300 ($4.07) and last traded at GBX 291.80 ($3.96). 6,605,374 shares changed hands during trading, an increase of 202% from the average session volume of 2,187,263 shares. The stock had previously closed at GBX 260 ($3.53).

Wall Street Analyst Weigh In

Several research firms have commented on TRN. UBS Group reissued a "buy" rating and set a GBX 465 price target on shares of Trainline in a research report on Friday, September 5th. Shore Capital reissued a "buy" rating on shares of Trainline in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Trainline from GBX 325 to GBX 320 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 440.

Trainline Trading Up 2.5%

The company's fifty day moving average is GBX 271.16 and its two-hundred day moving average is GBX 277.28. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The company has a market cap of £1.21 billion, a price-to-earnings ratio of 2,361.48 and a beta of 1.64.

Trainline announced that its Board of Directors has approved a share repurchase program on Thursday, September 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.

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