Transurban Group Upgraded to Buy by UBS AG (TCL)
Transurban Group (ASX:TCL) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, American Banking & Market News reports.
Transurban Group (ASX:TCL) traded up 0.50% during mid-day trading on Tuesday, hitting A$6.985. The stock had a trading volume of 3,565,513 shares. Transurban Group has a 52-week low of A$0.000 and a 52-week high of A$0.000. The stock’s 50-day moving average is A$0.0 and its 200-day moving average is A$0.0. The company has a market cap of A$10.349 billion and a P/E ratio of 59.40.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Transurban Group in a research note to investors on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Transurban Group presently has an average rating of “Buy” and an average price target of A$6.17 ($5.82).
Transurban Group is engaged in the business of development, operation and maintenance of toll roads. The Company has three geographic segments: Victoria, Australia; New South Wales, Australia and the United States of America (ASX:TCL).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.