Credit Suisse Gives Neutral Rating to Toll Holdings Limited (TOL)
Toll Holdings Limited (ASX: TOL)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse in a report released on Friday. They currently have a $5.26 (5 AUD) target price on the stock.
Shares of Toll Holdings Limited traded up 2.53% during mid-day trading on Friday, hitting A$4.870. Toll Holdings Limited has a one year low of A$3.800 and a one year high of A$5.980. The stock’s 50-day moving average is currently A$4.5. The company has a market cap of A$3.492 billion and a P/E ratio of 52.78.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Toll Holdings Limited in a research note to investors on Thursday, December 6th. They now have a $4.94 price target on the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Toll Holdings Limited in a research note to investors on Wednesday, November 7th. They now have a $5.10 price target on the stock.
Toll Holdings Limited is a Australia-based company. It operates in six segments: Toll Global Resources, which is engaged in logistics services to the mining and resource sector together with project based activities; Toll Global Logistics, which includes integrated logistics services and supply chain management to national and multi-national customers; Toll Global Forwarding, which is engaged in the provision of global freight forwarding services by air, sea and land; Toll Global Express, which is engaged in the provision of express and overnight parcel services with a focus on the Asia-Pacific region; Toll Domestic Forwarding, which includes Intermodal freight forwarding services within Australia and New Zealand by road, rail and sea, and Toll Specialised and Domestic Freight, which provides specialized full container load (FCL) and less than a container load (LCL) forwarding services.
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