CIBC Lowers Mullen Group (TSE:MTL) Price Target to C$15.00

Mullen Group (TSE:MTL) had its price target dropped by equities research analysts at CIBC from C$18.00 to C$15.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 20.97% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Scotiabank cut their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Raymond James cut their price target on Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and an average target price of C$18.53.

Mullen Group Stock Performance

Shares of TSE MTL opened at C$12.40 on Thursday. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The firm has a 50 day moving average of C$13.07 and a 200 day moving average of C$14.27.

Insider Transactions at Mullen Group

In related news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of Mullen Group stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders acquired a total of 2,832 shares of company stock valued at $37,153 over the last 90 days. Company insiders own 6.32% of the company’s stock.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.