Transurban Group Rating Reiterated by Morgan Stanley (TCL)
Transurban Group (ASX:TCL)‘s stock had its “equal weight” rating reaffirmed by research analysts at Morgan Stanley in a report released on Thursday. They currently have a $7.90 price target on the stock.
Shares of Transurban Group (ASX:TCL) traded down 0.13% on Thursday, hitting A$7.880. The stock had a trading volume of 5,021,672 shares. Transurban Group has a one year low of A$6.500 and a one year high of A$7.935. The stock has a 50-day moving average of A$7.70 and a 200-day moving average of A$7.34. The company has a market cap of A$14.944 billion and a price-to-earnings ratio of 43.11.
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).