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Trainline ( (GB:TRN) ) has issued an announcement.
Trainline PLC has executed a share buyback program, purchasing 67,121 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. This move, part of a previously announced program, will see the purchased shares cancelled, reducing the total number of shares in issue to 425,225,478. This action is in line with the authority granted by shareholders and complies with the Market Abuse Regulation, potentially impacting shareholder calculations and interest notifications.
The most recent analyst rating on (GB:TRN) stock is a Buy with a £410.00 price target. To see the full list of analyst forecasts on Trainline stock, see the GB:TRN Stock Forecast page.
Spark’s Take on GB:TRN Stock
According to Spark, TipRanks’ AI Analyst, GB:TRN is a Neutral.
Trainline exhibits strong financial performance with positive revenue and cash flow growth. However, technical indicators show a bearish trend, which could impact short-term stock performance. The company’s valuation is moderate, and its strategic share buybacks support shareholder value. Overall, Trainline is fundamentally robust but faces technical headwinds.
To see Spark’s full report on GB:TRN stock, click here.
More about Trainline
Trainline is the leading independent rail and coach travel platform, providing a seamless service for booking and managing rail and coach journeys worldwide. It aggregates routes, fares, and schedules from various carriers across Europe, accessible via its website and mobile app.
Average Trading Volume: 1,179,738
Technical Sentiment Signal: Sell
Current Market Cap: £1.15B
Find detailed analytics on TRN stock on TipRanks’ Stock Analysis page.