
Citi Sticks to Their Hold Rating for Transurban Group (TRAUF)
Citi analyst Suraj Nebhani maintained a Hold rating on Transurban Group (TRAUF – Research Report) today and set a price target of A$14.30. The company's shares closed last Thursday at $9.01.
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Nebhani covers the Real Estate sector, focusing on stocks such as Charter Hall Group, Lendlease Group, and Stockland. According to TipRanks, Nebhani has an average return of 0.8% and a 54.48% success rate on recommended stocks.
Transurban Group has an analyst consensus of Hold, with a price target consensus of $8.62, a -4.33% downside from current levels. In a report released on May 9, Morgan Stanley also maintained a Hold rating on the stock with a A$13.66 price target.
Based on Transurban Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.83 billion and a GAAP net loss of $47 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $204 million
Based on the recent corporate insider activity of 9 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.

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