In a report released yesterday, Owen Birrell from RBC Capital maintained a Hold rating on Transurban Group Ltd. (TRAUF – Research Report), with a price target of $12.75. The company’s shares closed last Friday at $8.31.
Birrell covers the Industrials sector, focusing on stocks such as Cleanaway Waste Management Ltd., Brambles Limited, and Graincorp Limited Class A. According to TipRanks, Birrell has an average return of 1.5% and a 53.06% success rate on recommended stocks.
In addition to RBC Capital, Transurban Group Ltd. also received a Hold from Morgan Stanley’s Robert Koh in a report issued on May 7. However, on May 9, UBS maintained a Buy rating on Transurban Group Ltd. (Other OTC: TRAUF).
TRAUF market cap is currently $26.09B and has a P/E ratio of 172.45.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRAUF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Transurban Group Ltd. (TRAUF) Company Description:
Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA and Montreal, Canada. The weighted average concession life across the portfolio is close to 30 years. Australian assets contribute around 90% of proportional revenue.
