Mullen Group Ltd. (TSE:MTL) Stock Has Average Target Price of C$26.00

Mullen Group Ltd. (TSE:MTL) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$26.22.

MTL has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price objective on Mullen Group from C$30.00 to C$32.00 in a report on Wednesday. BMO Capital Markets increased their target price on shares of Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th. Desjardins raised their price target on shares of Mullen Group from C$23.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, July 24th. Scotiabank boosted their price target on shares of Mullen Group from C$24.00 to C$29.00 in a research report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th.

Insider Transactions at Mullen Group

In other Mullen Group news, insider Carson Paul Urlacher acquired 9,500 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was bought at an average price of C$28.20 per share, with a total value of C$267,900.00. Following the completion of the purchase, the insider owned 90,000 shares of the company’s stock, valued at approximately C$2,538,000. This represents a 11.80% increase in their ownership of the stock. Corporate insiders own 6.32% of the company’s stock.

Mullen Group Stock Performance

Shares of MTL stock opened at C$27.27 on Tuesday. The firm’s 50 day moving average is C$26.32 and its 200 day moving average is C$22.67. The stock has a market capitalization of C$2.62 billion, a P/E ratio of 24.57, a PEG ratio of 1.81 and a beta of 0.94. Mullen Group has a 12 month low of C$13.53 and a 12 month high of C$28.78. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, July 23rd. The company reported C$0.41 earnings per share for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%. The business had revenue of C$609.30 million during the quarter.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.