Transurban Group Stock Rating Reaffirmed by JPMorgan Chase (TCL)
Transurban Group (ASX: TCL)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase in a note issued to investors on Friday. They currently have a $6.41 (6 AUD) target price on the stock.
Transurban Group traded up 1.12% on Friday, hitting A$6.310. Transurban Group has a 1-year low of A$5.320 and a 1-year high of A$6.245. The company has a market cap of A$9.202 billion and a price-to-earnings ratio of 164.21.
A number of other analysts have also recently weighed in on TCL. Analysts at Macquarie reiterated a “neutral” rating on shares of Transurban Group in a research note to investors on Wednesday. They now have a $6.46 price target on the stock. Separately, analysts at CIMB reiterated an “outperform” rating on shares of Transurban Group in a research note to investors on Wednesday, November 14th. They now have a $6.71 price target on the stock.
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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