Shares of Trainline Plc (LON:TRN - Get Free Report) shot up 8.8% on Thursday . The company traded as high as GBX 300 ($4.08) and last traded at GBX 283 ($3.85). 22,511,809 shares were traded during trading, an increase of 888% from the average session volume of 2,277,640 shares. The stock had previously closed at GBX 260 ($3.54).
Analysts Set New Price Targets
A number of research firms recently weighed in on TRN. Berenberg Bank reaffirmed a "buy" rating and set a GBX 490 price objective on shares of Trainline in a research report on Thursday, September 11th. Shore Capital reaffirmed a "buy" rating on shares of Trainline in a research report on Thursday, September 11th. JPMorgan Chase & Co. increased their target price on Trainline from GBX 320 to GBX 325 and gave the company a "neutral" rating in a research note on Friday. Finally, UBS Group reiterated a "buy" rating and set a GBX 465 target price on shares of Trainline in a research note on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 441.25.
Check Out Our Latest Report on TRN
Trainline Trading Down 2.4%
The stock has a market capitalization of £1.18 billion, a PE ratio of 2,312.80 and a beta of 1.64. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 49.07. The stock has a 50 day moving average price of GBX 271.99 and a 200-day moving average price of GBX 276.64.
Trainline declared that its board has authorized a share repurchase plan on Thursday, September 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.
Trainline Company Profile
(
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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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