In a report released today, Nathan Lead from Morgans maintained a Hold rating on Transurban Group Ltd. (TRAUF – Research Report), with a price target of A$12.18. The company’s shares closed last Friday at $8.04.
According to TipRanks, Lead is ranked #3514 out of 8707 analysts.
Transurban Group Ltd. has an analyst consensus of Hold, with a price target consensus of $9.12, which is a 13.43% upside from current levels. In a report released on April 19, Morgan Stanley also maintained a Hold rating on the stock with a A$13.68 price target.
The company has a one-year high of $10.19 and a one-year low of $7.29. Currently, Transurban Group Ltd. has an average volume of 2,957.
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.
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