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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.

To view Morningstar’s full report, visit Morningstar’s official website.

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