Trainline (LON:TRN) Trading Up 8.7% – Time to Buy?

Trainline Plc (LON:TRN) shares shot up 8.7% on Wednesday . The stock traded as high as GBX 280.01 and last traded at GBX 276.60. 36,649,191 shares were traded during trading, an increase of 1,601% from the average session volume of 2,154,592 shares. The stock had previously closed at GBX 254.40.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRN. UBS Group reaffirmed a “buy” rating and set a GBX 465 price objective on shares of Trainline in a research report on Friday, September 5th. Berenberg Bank restated a “buy” rating and issued a GBX 490 price objective on shares of Trainline in a research note on Thursday, September 11th. JPMorgan Chase & Co. raised their price objective on shares of Trainline from GBX 320 to GBX 325 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Finally, Shore Capital restated a “buy” rating on shares of Trainline in a research note on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 441.25.

Trainline Stock Performance

The company has a market capitalization of £1.07 billion, a P/E ratio of 21.17 and a beta of 1.64. The stock has a fifty day simple moving average of GBX 269.87 and a 200-day simple moving average of GBX 273.01. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07.

Trainline (LON:TRN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported GBX 12.58 earnings per share (EPS) for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. Equities analysts forecast that Trainline Plc will post 16.8458781 EPS for the current year.

Trainline announced that its board has authorized a share repurchase plan on Thursday, September 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Trainline Company Profile

Trainline’s ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.