Mullen Group Ltd (TSE:MTL) had its target price increased by equities researchers at Raymond James Financial, Inc. from C$15.25 to C$15.75 in a research report issued on Thursday, July 27th. The firm currently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price target would suggest a potential downside of 0.19% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada cut their price objective on Mullen Group from C$20.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. BMO Capital Markets decreased their target price on shares of Mullen Group from C$21.00 to C$19.00 in a research note on Friday, April 21st. Scotiabank dropped their target price on shares of Mullen Group from C$19.25 to C$18.00 and set an “outperform” rating for the company in a report on Friday, April 21st. CIBC reduced their target price on shares of Mullen Group from C$20.50 to C$19.00 in a report on Thursday, July 20th. Finally, National Bank Financial raised shares of Mullen Group from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$18.00 to C$18.75 in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$18.81.
Shares of Mullen Group (TSE MTL) traded down 1.19% during mid-day trading on Thursday, reaching $15.78. The company had a trading volume of 78,278 shares. Mullen Group has a 12-month low of $14.49 and a 12-month high of $20.32. The stock has a 50 day moving average price of $15.72 and a 200 day moving average price of $16.27. The firm has a market capitalization of $1.64 billion and a PE ratio of 32.20.
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About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States.
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