Mullen Group Ltd. (TSE:MTL) Stock Has Average Target Price of C$30.22

Mullen Group Ltd. (TSE:MTL) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$30.22.

A number of brokerages have recently issued reports on MTL. National Bank Financial boosted their target price on Mullen Group from C$31.00 to C$36.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. BMO Capital Markets raised their price target on shares of Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. Scotiabank boosted 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 research note on Thursday, October 15th. Royal Bank Of Canada lifted their target price on shares of Mullen Group from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Finally, Raymond James Financial upped their price target on shares of Mullen Group from C$25.00 to C$31.00 and gave the stock a “market perform” rating in a research report on Friday, October 23rd.

Mullen Group Price Performance

Shares of Mullen Group stock opened at C$28.81 on Friday. The business’s fifty day moving average price is C$26.82 and its 200 day moving average price is C$22.06. Mullen Group has a twelve month low of C$13.92 and a twelve month high of C$32.47. The company has a current ratio of 2.18, a quick ratio of 1.06 and a debt-to-equity ratio of 86.15. The stock has a market capitalization of C$2.76 billion, a P/E ratio of 22.87, a PEG ratio of 1.81 and a beta of 0.83.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Thursday, October 22nd. The company reported C$0.52 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%.

Insider Buying and Selling

In other Mullen Group news, insider Joanna Kathryn Scott sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of C$29.68, for a total value of C$1,187,200.00. Following the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at C$148,400. This trade represents a 88.89% decrease in their ownership of the stock. 6.32% of the stock is owned by company insiders.

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.