Trainline (LON:TRN) Stock Price Up 12.2% - What's Next?

Key Points

• Trainline Plc's stock rose 12.2% on Friday, trading at a high of GBX 300 ($4.07), with trading volume increasing by 202% compared to the average daily volume.
• Several analysts have issued reports on Trainline, with UBS Group maintaining a "buy" rating and a price target of GBX 465, while JPMorgan Chase lowered its target to GBX 320 and set a "neutral" rating.
• The company recently announced a share buyback program, indicating that its board believes the stock is undervalued.

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

Analysts Set New Price Targets

TRN has been the topic of several recent research reports. Shore Capital reiterated a "buy" rating on shares of Trainline in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on Trainline from GBX 325 to GBX 320 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, UBS Group restated a "buy" rating and issued a GBX 465 price target on shares of Trainline in a research report on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Trainline presently has an average rating of "Moderate Buy" and a consensus price target of GBX 440.

Trainline Stock Performance

The stock has a 50 day moving average of GBX 271.16 and a 200 day moving average of GBX 277.28. 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 company has a market capitalization of £1.21 billion, a price-to-earnings ratio of 2,361.77 and a beta of 1.64.

Trainline declared that its board has approved a share buyback program on Thursday, September 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication 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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