Trainline (LON:TRN) Trading Up 8.7% – Should You Buy?

Trainline Plc (LON:TRN)’s share price was up 8.7% on Wednesday . The company traded as high as GBX 280.01 and last traded at GBX 276.60. Approximately 36,649,191 shares traded hands during trading, an increase of 1,601% from the average daily volume of 2,154,592 shares. The stock had previously closed at GBX 254.40.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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. Shore Capital reiterated a “buy” rating on shares of Trainline in a research note on Thursday, September 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 490 price target on shares of Trainline in a research note on Thursday, September 11th. Finally, UBS Group reissued a “buy” rating and issued a GBX 465 target price on shares of Trainline in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 441.25.

Trainline Stock Up 5.3%

The company has a debt-to-equity ratio of 49.07, a current ratio of 0.68 and a quick ratio of 0.52. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 21.17 and a beta of 1.64. The firm’s 50 day moving average price is GBX 269.87 and its two-hundred day moving average price is GBX 273.01.

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

Trainline declared that its Board of Directors has authorized a share buyback program on Thursday, September 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Trainline

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.