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Trainline ( (GB:TRN) ) has issued an update.
Trainline announced the purchase of 250,000 ordinary shares as part of its share buyback program, with the shares being cancelled post-purchase. This transaction reduces the total number of shares in issue to 413,745,072, impacting 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 a leading independent rail and coach travel platform that sells tickets to millions of travelers worldwide. It enables users to search, book, and manage their journeys through its website and mobile app, offering a comprehensive service for rail and coach travel across Europe.
Average Trading Volume: 993,221
Technical Sentiment Signal: Hold
Current Market Cap: £1.14B
Find detailed analytics on TRN stock on TipRanks’ Stock Analysis page.