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The latest announcement is out from Trainline ( (GB:TRN) ).
Trainline has executed a share buyback program, purchasing 205,904 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. This move, in line with the authority granted by shareholders, will result in the cancellation of these shares, reducing the total number of shares in issue to 407,253,918. This action is part of Trainline’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:TRN) stock is a Hold with a £264.00 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’s overall stock score is driven by strong financial performance, which is the most significant factor. However, bearish technical indicators and the lack of a dividend yield moderate the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.
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, offering a comprehensive service for booking and managing rail and coach journeys. It provides access to millions of routes, fares, and journey times from carriers across Europe, available through its website and mobile app.
Average Trading Volume: 1,299,087
Technical Sentiment Signal: Sell
Current Market Cap: £983.2M
Find detailed analytics on TRN stock on TipRanks’ Stock Analysis page.