Trainline Selected for Digital Pay-As-You-Go Rail Trials

Trainline ( (GB:TRN) ) has shared an update.

Trainline PLC has been selected by the Rail Delivery Group as a technology supplier for digital pay-as-you-go (DPAYG) trials on the Northern Rail and East Midlands Railway networks. These trials, starting between September and November, will last nine months and offer Trainline a strategic opportunity to showcase its in-app solution, potentially influencing the broader rollout of DPAYG across the UK and supporting the government’s rail reform program.

The most recent analyst rating on (GB:TRN) stock is a Buy with a £445.00 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 PLC operates in the technology and transportation industry, primarily offering digital solutions for rail travel. The company focuses on providing in-app services to enhance the rail travel experience and is involved in supporting rail reform initiatives in the UK.

Average Trading Volume: 1,683,068

Technical Sentiment Signal: Sell

Current Market Cap: £1.11B

See more insights into TRN stock on TipRanks’ Stock Analysis page.