Citigroup Inc. Initiates Coverage on Toll Holdings Limited (TOL)
Equities research analysts at Citigroup Inc. initiated coverage on shares of Toll Holdings Limited (ASX:TOL) in a research note issued to investors on Tuesday, Stock Ratings Network reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at CIMB reiterated a “neutral” rating on shares of Toll Holdings Limited (ASX:TOL) in a research note to investors on Friday, August 23rd. They now have a $5.47 price target on the stock.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Toll Holdings Limited currently has an average rating of “Hold” and a consensus target price of A$5.29 ($4.90).
Shares of Toll Holdings Limited (ASX:TOL) traded down 0.61% on Tuesday, hitting A$5.665. 290,492 shares of the company’s stock traded hands. Toll Holdings Limited has a 52-week low of A$4.150 and a 52-week high of A$6.200. The stock has a 50-day moving average of A$5.39 and a 200-day moving average of A$5.41. The company has a market cap of A$4.063 billion and a P/E ratio of 48.72.
Toll Holdings Limited is a Australia-based company. It operates in six segments: Toll Global Resources, which is engaged in logistics services to the mining and resource sector together with project based activities; Toll Global Logistics, which includes integrated logistics services and supply chain management to national and multi-national customers; Toll Global Forwarding, which is engaged in the provision of global freight forwarding services by air, sea and land; Toll Global Express, which is engaged in the provision of express and overnight parcel services with a focus on the Asia-Pacific region; Toll Domestic Forwarding, which includes Intermodal freight forwarding services within Australia and New Zealand by road, rail and sea, and Toll Specialised and Domestic Freight, which provides specialized full container load (ASX:TOL) and less than a container load (LCL) forwarding services.
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