Mullen Group (TSE:MTL) Insider Joanna Kathryn Scott Sells 40,000 Shares of Company Stock

Mullen Group Ltd. (TSE:MTL) insider Joanna Kathryn Scott sold 40,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of C$29.68, for a total transaction of C$1,187,200.00. Following the transaction, the insider owned 5,000 shares in the company, valued at approximately C$148,400. This represents a 88.89% decrease in their ownership of the stock.

Mullen Group Stock Up 1.2%

MTL opened at C$29.86 on Friday. The company has a market capitalization of C$2.86 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 86.15, a current ratio of 2.18 and a quick ratio of 1.06. Mullen Group Ltd. has a fifty-two week low of C$13.92 and a fifty-two week high of C$32.47. The business has a 50-day moving average of C$26.77 and a 200-day moving average of C$22.00.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, October 22nd. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$653.17 million during the quarter. Mullen Group had a return on equity of 10.58% and a net margin of 5.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MTL shares. Scotia boosted their price target on shares of Mullen Group from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Scotiabank raised their price objective on shares of Mullen Group from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Thursday, October 15th. BMO Capital Markets lifted their target price on shares of Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. National Bank Financial lifted their target price on shares of Mullen Group from C$31.00 to C$36.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Finally, Raymond James Financial upped their target price on shares of Mullen Group from C$25.00 to C$31.00 and gave the company a “market perform” rating in a research note on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$30.22.

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.