Morningstar keeps fair value unchanged on Transurban after Sydney roads deal

Transurban

01/10/2026 21:03

** Morningstar says Transurban's TCL.AX fair value remains unchanged at A$14.2 after Sydney roads deal
** Australian toll road operator said on Thursday that it will increase its stake in NorthWestern Roads Group and Sydney Transport Partners to 75% and 60%, respectively, for A$4.5 billion ($3.11 billion)
** Investment research firm believes approval from Australian Competition and Consumer Commission (ACCC) for deal is imminent, incorporates deal into its forecasts FY28 onwards, views the buyout as "mildly value-accretive"
** Given elevated fuel prices and potential fuel shortages, Morningstar trims medium-term traffic growth forecasts marginally for the toll roads
** TCL shares down 8.4% YTD, as of last close

($1 = 1.4463 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))