Transurban sets October 21 AGM. Morgans targets Transurban stock at AUD 12.03

Published on 10/20/2026 at 22:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY 2026 free cash rose 5.10 percent to AUD 2.10 billion. Transurban stock costs EUR 8.54 on October 20, 2026 at 10:11 p.m. CEST.

Key dates and figures

Transurban's AGM is scheduled for October 21, 2026.
FY 2026 free cash increased 5.10 percent to AUD 2.10 billion.
Transurban stock costs EUR 8.54 at Lang & Schwarz on October 20, 2026 at 10:11 p.m. CEST.

Transurban, AU000000TCL6, Illustration mit AI erstellt.

Transurban's annual general meeting is scheduled for October 21, 2026, while Morgans analyst Nathan Lead maintained a Sell rating and set an AUD 12.03 price target on October 6, 2026, as reported by The Globe and Mail. Transurban stock was trading at EUR 8.54 at Lang & Schwarz on October 20, 2026 at 10:11 p.m. CEST.

Cash generation supports distributions

Transurban's FY 2026 results showed free cash of AUD 2.10 billion, up 5.10 percent from FY 2025. The company's FY 2026 distribution rose 6.20 percent to AUD 0.69 per security and was 98.00 percent covered by free cash, according to the Yahoo Finance transcript of the August 13, 2026 results call.

The same results showed proportional toll revenue of almost AUD 4.00 billion and operating EBITDA growth of 7.50 percent. Operating EBITDA margin improved by 0.80 percentage points to 75.70 percent in FY 2026, keeping cash conversion central to the distribution case.

Stock remains below its yearly high

On the ASX, Transurban last traded at AUD 13.64 on October 20, 2026, with a day range of AUD 13.51 to AUD 13.73. The 52-week range was AUD 12.82 to AUD 15.62, placing the price 6.40 percent above the low and 12.68 percent below the high.

Valuation and upcoming date

Transurban had a market capitalization of AUD 42.60 billion and a price-to-earnings ratio of 116.09 as of October 20, 2026. Its trailing dividend yield was 5.00 percent. The October 21 annual meeting is the next dated corporate event listed by Transurban.

What matters for the distribution

The key comparison is between the AUD 0.69 FY 2026 distribution and the AUD 2.10 billion of free cash that covered it. Management also provided FY 2027 distribution guidance of AUD 0.72 per security, with expected coverage slightly below 95.00 percent, according to the August 13 results call. That guidance makes cash coverage the main figure to follow around the annual meeting.

Price and investor perspective

The euro price from Lang & Schwarz stood at EUR 8.54 on October 20, 2026 at 10:11 p.m. CEST. On the ASX, the stock last traded at AUD 13.64 on October 20, 2026, while the market capitalization stood at AUD 42.60 billion.

The further course of trading is shown by the continuously updated real-time quote of Transurban stock.