Cabcharge Australia Limited Rating Lowered to at Morningstar (CAB)
Cabcharge Australia Limited (ASX:CAB) was downgraded by analysts at Morningstar from a “reduce” rating in a report released on Tuesday. They currently have a $3.90 target price on the stock.
Shares of Cabcharge Australia Limited (ASX:CAB) traded up 0.19% on Tuesday, hitting A$5.400. 224,162 shares of the company’s stock traded hands. Cabcharge Australia Limited has a one year low of A$3.600 and a one year high of A$5.440. The stock has a 50-day moving average of A$4.7 and a 200-day moving average of A$4.24. The company has a market cap of A$650.1 million and a P/E ratio of 11.57.
Cabcharge Australia Limited (ASX:CAB) is engaged in the provision of taxi related services in Australia , Through its interest in an associate company, the Company is also engaged in the provision of bus and coach services to customers in Australia.
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