Other analysts have also recently issued reports about the company. Raymond James Financial Inc. boosted their price objective on Mullen Group from C$16.00 to C$16.25 in a research report on Thursday, July 21st. Royal Bank Of Canada boosted their price objective on Mullen Group from C$19.00 to C$21.00 in a research report on Friday, October 7th. CIBC boosted their price objective on Mullen Group from C$17.00 to C$18.50 in a research report on Friday, July 22nd. TD Securities restated a buy rating and issued a C$18.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. Finally, Scotiabank restated an outperform rating and issued a C$16.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$17.94.
Shares of Mullen Group (TSE:MTL) opened at 16.70 on Friday. The company’s 50-day moving average price is $16.15 and its 200 day moving average price is $15.03. Mullen Group has a 12-month low of $13.02 and a 12-month high of $19.29. The stock has a market cap of $1.73 billion and a price-to-earnings ratio of 34.72.
About Mullen Group
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.
Receive News & Ratings for Mullen Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.