Kelsian Group Awaits Approval for Sydney Bus Services Contract Extension

Kelsian Group Limited ( (AU:KLS) ) has shared an announcement.

Kelsian Group Limited has announced that Transport for New South Wales is seeking government approval for a two-year extension of the Region 6 Bus Services contract with Transit Systems West, a subsidiary of Kelsian. If successful, this extension would allow Transit Systems West to continue operating public bus services in Sydney’s inner west until June 2028, potentially solidifying Kelsian’s position in the public transport sector and impacting stakeholders by maintaining continuity in service operations.

The most recent analyst rating on (AU:KLS) stock is a Buy with a A$6.10 price target. To see the full list of analyst forecasts on Kelsian Group Limited stock, see the AU:KLS Stock Forecast page.

More about Kelsian Group Limited

Kelsian Group Limited is Australia’s largest integrated multi-modal transport provider and tourism operator, with operations in Australia, Singapore, USA, UK, and the Channel Islands. The company specializes in delivering sustainable public transport solutions, including operating Australia’s largest zero-emission bus fleet and one of the largest electrified bus depots. Kelsian employs over 12,600 people and operates a diverse fleet that includes buses, vessels, and light rail vehicles, facilitating over 378 million customer journeys annually.

Average Trading Volume: 1,160,982

Technical Sentiment Signal: Sell

Current Market Cap: A$863.5M

For an in-depth examination of KLS stock, go to TipRanks’ Overview page.