Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Trainline ( (GB:TRN) ) has provided an update.
Trainline has executed a share buyback program, purchasing 250,000 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares, bought at an average price of 286.58p, will be canceled, reducing the total number of shares in issue to 414,995,072. This move is part of a previously announced share purchase program, authorized by shareholders, and may impact shareholder calculations under the Disclosure and Transparency Rules.
The most recent analyst rating on (GB:TRN) stock is a Hold with a £3.25 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 Outperform.
Trainline’s strong financial performance and positive technical indicators are the primary drivers of its stock score. The company’s robust revenue and profitability growth, coupled with bullish market momentum, support a favorable outlook. However, the valuation is moderate, and the stock is approaching overbought levels, which could limit short-term gains.
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 purchasing rail and coach tickets to millions of travelers worldwide. It provides a seamless experience for searching, booking, and managing journeys through its highly rated website and mobile app, covering millions of routes, fares, and journey times from various carriers across Europe.
Average Trading Volume: 975,153
Technical Sentiment Signal: Hold
Current Market Cap: £1.14B
See more insights into TRN stock on TipRanks’ Stock Analysis page.