Mullen Group Ltd. (TSE:MTL) was downgraded by research analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday. They currently have a C$16.50 target price on the stock, up from their previous target price of C$16.25. Raymond James Financial Inc.’s price target points to a potential downside of 0.72% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. CIBC boosted their price target on shares of Mullen Group from C$17.00 to C$18.50 in a research note on Friday, July 22nd. TD Securities lifted their price objective on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Royal Bank Of Canada restated an “outperform” rating and issued a C$19.00 price objective on shares of Mullen Group in a report on Friday, July 22nd. Scotiabank restated an “outperform” rating and issued a C$16.00 price objective on shares of Mullen Group in a report on Thursday, July 21st. Finally, AltaCorp Capital restated a “sector perform” rating on shares of Mullen Group in a report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$17.94.
Mullen Group (TSE:MTL) opened at 16.62 on Friday. The firm has a 50 day moving average of $16.13 and a 200-day moving average of $15.02. Mullen Group has a 12-month low of $13.02 and a 12-month high of $19.37. The stock has a market cap of $1.72 billion and a PE ratio of 34.55.
Mullen Group Company Profile
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.
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