Trainline shares jump nearly 10% as buyback and margins impress; Shore Capital says 'buy'

What Brokers Say Retail & Consumer Written by: Ephrem Joseph 08:52 Fri 11 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Trainline PLC ( LSE:TRN ) View Price & Profile Trainline shares jump nearly 10% as buyback and margins impress; Shore Capital says 'buy' Published: 08:52 11 Sep 2026 BST Trainline PLC (LSE:TRN, FRA:2T9A) shares jumped nearly 10% in early trading, reaching 208p compared with Thursday’s 190p close. Subsequently, Shore Capital reiterated its ‘buy’ recommendation and 400p target price. The move followed a first-half trading update in which the rail ticketing platform announced a further £100 million share buyback and reported group adjusted EBITDA margins tracking slightly ahead of its guidance level of around 2.9%. Shore Capital reported that Trainline’s valuation does not reflect the strength of its underlying performance, technology platform or longer-term market opportunity. The target represents 111% upside from the 190p reference price used in the broker’s note. Group net ticket sales were £3.3 billion, flat year on year, while revenue of £233 million was down 1%. Shore Capital noted that both figures were slightly better than consensus expectations, which had pointed to declines of 1% and 3% respectively. The company also reiterated its full-year guidance, with the latest £100 million buyback following completion of an earlier £150 million programme. Shore Capital viewed the fresh repurchase as a positive signal of management confidence in the outlook. Continue reading