Transurban share price falls

Transurban's recent share price fall calls for a change of recommendation.

Toll road operator Transurban's share price has fallen 10% since Transurban: Result 2016 on 10 Aug 16 (Sell – $11.79). Management expects to make total distributions of 50.5 cents in 2017 (up 11%), for a forward partially franked dividend yield of 4.8%. As a regulated monopoly, Transurban has many competitive advantages and its inflation-protected revenue is a bonus. There are better opportunities on our current Buy list, but with Transurban's share price having moved below our recommended Sell price, we're upgrading to HOLD.



SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles