The Transurban Group (ASX: TCL) share price has followed the market lower today and is down just short of 0.4% to $12.52.
But despite the decline in its share price today, the toll road operator's shares have still managed to carve out a gain of over 21% since the turn of the year.
But as strong as this gain has been, as far as one leading broker is concerned, there is still plenty left in the tank for Transurban's shares.
A research note out of Credit Suisse this morning revealed that its analysts have reiterated their outperform rating and increased their price target on its shares from $12.60 to $13.40.
This price target implies upside potential of over 7% from the current share price.
Should it reach Credit Suisse's price target it would also mean that its shares would be changing hands at a lofty 109x trailing earnings.
