Macquarie Gives Neutral Rating to Transurban Group (TCL)
Transurban Group (ASX: TCL)‘s stock had its “neutral” rating restated by equities researchers at Macquarie in a report issued on Thursday. They currently have a $6.39 (6 AUD) target price on the stock.
Transurban Group remained flat at A$6.050 during trading on Thursday. Transurban Group has a 52-week low of A$5.230 and a 52-week high of A$6.245. The company has a market cap of A$8.823 billion and a price-to-earnings ratio of 159.21.
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 (USA).
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