Transurban Group Earns “Equal Weight” Rating from Morgan Stanley (TCL)
Transurban Group (ASX:TCL)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a research note issued to investors on Friday. They currently have a $7.90 price objective on the stock.
Transurban Group (ASX:TCL) traded up 0.13% on Friday, hitting A$8.000. 4,998,107 shares of the company’s stock traded hands. Transurban Group has a 1-year low of A$6.500 and a 1-year high of A$8.140. The stock’s 50-day moving average is A$7.76 and its 200-day moving average is A$7.38. The company has a market cap of A$15.171 billion and a price-to-earnings ratio of 43.66.
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).
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