Toll Holdings Limited Receives New Coverage from Analysts at Citigroup Inc. (TOL)
Equities researchers at Citigroup Inc. started coverage on shares of Toll Holdings Limited (ASX:TOL) in a research report issued on Wednesday, Analyst Ratings Network.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on TOL. 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Toll Holdings Limited has an average rating of “Hold” and a consensus price target of A$5.29 ($4.99).
Shares of Toll Holdings Limited (ASX:TOL) traded up 1.57% on Wednesday, hitting A$5.840. 1,346,670 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’s 50-day moving average is A$5.39 and its 200-day moving average is A$5.41. The company has a market cap of A$4.188 billion and a P/E ratio of 49.15.
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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