Transurban Lines up Another Attractive Development. AUD 11.50 FVE Unchanged
Wide moat-rated Transurban Group will extend its U.S. toll road, 95 Express Lanes, 10 miles to the south after reaching agreement with the Virginia Department of Transportation, or VDOT. The project looks attractive, but is too small to budge our AUD 11.50 fair value estimate. At current prices, the stock is marginally overvalued. The great bond bull market, which drove security prices for bond-like equities higher, is likely over as global central banks increasingly reduce stimulus. Transurban ...Transurban Group is engaged in the development, financing, operation and maintenance of toll road networks as well as management of the associated customer and client relationships. Co. manages and develops urban toll road networks in Australia and the U.S. Co. owns concession assets across four key market segments: Victoria, New South Wales, Queensland and the Greater Washington Area.
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