UBS analyst Andre Fromyhr maintained a Buy rating on Transurban Group Ltd. (TRAUF – Research Report) today and set a price target of A$14.80. The company’s shares closed yesterday at $8.38.
Fromyhr covers the Industrials sector, focusing on stocks such as Transurban Group Ltd., Qantas Airways Limited, and Aurizon Holdings Ltd.. According to TipRanks, Fromyhr has an average return of -1.5% and a 54.72% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Transurban Group Ltd. with a $8.78 average price target, which is a 4.75% upside from current levels. In a report released on May 6, CLSA also maintained a Buy rating on the stock with a A$14.10 price target.
TRAUF market cap is currently $25.91B and has a P/E ratio of 168.88.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRAUF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Transurban Group Ltd. (TRAUF) Company Description:
Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA and Montreal, Canada. The weighted average concession life across the portfolio is close to 30 years. Australian assets contribute around 90% of proportional revenue.
