TRN, GOG, NEX: Stocks to watch as TSSA announces strike action

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TRN, GOG, NEX: Stocks to watch as TSSA announces strike action

 TRN, GOG, NEX: Stocks to watch as TSSA announces strike action
Image source: GP PIXSTOCK, Shutterstock

Highlights

  • The Transport Salaried Staff Association (TSSA) said that its members had served notice of strike on 18 August and 20 August.
  • Thousands of members will participate in the strike, including management staff, maintenance, supervisory, operational, and station staff.

The Transport Salaried Staff Association (TSSA) has said that its members at seven train companies had notified them about a strike next month owing to its pay, job security, and worsening conditions. The latest notice for strikes has already added to tensions prevailing due to the travel chaos in the country.  

TSSA’s strike coincides with the Rail, Maritime, and Transport union (RMT) work stoppage against Network Rail and 14 other train operators. Most members are furious due to the fall in pay amid soaring prices of essential items such as energy, food, and clothing. 

The strike action will be taken in East Midlands Railway, Great Western Railway, Avanti West Coast, National Rail, LNER, CrossCountry, c2c, and Southeastern. Further, the action will take place in the West Midlands Trains, TransPenine Express, Northern, Greater Anglia, Heathrow Express, ScotRail, Transport for Wales, and Southeastern.

Amidst these issues, let’s take stock of 3 FTSE-listed train stocks on which you can set your keen eye. 

Trainline Plc (LON: TRN

 

The FTSE 250-listed international digital rail and technology platform holds a market cap of £1,760.73 million as of 26 July. The last year has been fruitful for TRN as it has given returns of 21.00% to its shareholders, while its YTD return stood at 32.97%. At 10:30 AM (GMT+1), its shares were trading at GBX 371.20 and were up by 1.34% on Tuesday.

 

The Go-Ahead Group Plc (LON: GOG

 

The UK-based passenger transport firm boasted a market cap of £640.75 million as of 26 July. Over the last 12 months, the FTSE All-Share listed company’s shares have given its shareholders a return of 47.33%. At 10:32 AM (GMT+1), its shares were up by 0.27% and were trading at GBX 1,488.00. GOG’s EPS standing stood at -1.07. 

 

National Express Group Plc (LON: NEX) 

 

The UK-based operator of bus, train, coach and tram services had a market cap of £1,088.78 million as of 26 July 2022. The YTD returns of NEX were not favourable as they gave negative returns of -30.21%. At 10:32 AM (GMT+1), its shares were trading at GBX 179.30 and were up by 1.13% as of 26 July. 

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

 

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