Trainline (LON:TRN) Trading Up 12.2% Following Analyst Upgrade

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.

Trainline Plc (LON:TRN - Get Free Report)'s share price traded up 12.2% during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 320 to GBX 325. JPMorgan Chase & Co. currently has a neutral rating on the stock. Trainline traded as high as GBX 300 ($4.10) and last traded at GBX 291.80 ($3.98). 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 ($3.55).

Other research analysts have also issued reports about the stock. Shore Capital reaffirmed a "buy" rating on shares of Trainline in a research note on Thursday, September 11th. UBS Group reiterated a "buy" rating and issued a GBX 465 target price on shares of Trainline in a report on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 441.25.

Trainline Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07. The stock has a market cap of £1.15 billion, a P/E ratio of 2,243.29 and a beta of 1.64. The business's 50-day simple moving average is GBX 272.22 and its two-hundred day simple moving average is GBX 276.75.

Trainline declared that its board has approved a share repurchase plan on Thursday, September 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.