Transurban Group Ltd. (TRAUF) Gets a Hold from Citigroup

In a report released today, Suraj Nebhani from Citigroup maintained a Hold rating on Transurban Group Ltd. (TRAUFResearch Report), with a price target of A$14.52. The company’s shares closed last Friday at $10.23.

Nebhani covers the Financial sector, focusing on stocks such as Charter Hall Group, Goodman Group, and Mirvac Group. According to TipRanks, Nebhani has an average return of -10.1% and a 30.43% success rate on recommended stocks.

In addition to Citigroup, Transurban Group Ltd. also received a Hold from Morgan Stanley’s Robert Koh in a report issued today. However, yesterday, UBS maintained a Buy rating on Transurban Group Ltd. (Other OTC: TRAUF).

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The company has a one-year high of $11.31 and a one-year low of $8.50. Currently, Transurban Group Ltd. has an average volume of 2,958.

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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.

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