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Trainline ( (GB:TRN) ) has shared an update.
Trainline has executed a share buyback program, purchasing 250,000 of its ordinary shares on the London Stock Exchange, with the highest price paid per share being 283.40p. This move, part of a previously announced program, will result in the cancellation of the purchased shares, leaving 414,245,072 shares in issue, which could 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 booking and managing rail and coach journeys across Europe. It provides a seamless experience for millions of travelers through its website and mobile app, consolidating routes, fares, and journey times from various carriers.
YTD Price Performance: -34.91%
Average Trading Volume: 983,194
Technical Sentiment Signal: Hold
Current Market Cap: £1.13B
For an in-depth examination of TRN stock, go to TipRanks’ Overview page.