Shares of Mullen Group Ltd (TSE:MTL) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$15.43.
Several brokerages have recently commented on MTL. Canaccord Genuity lowered their price objective on Mullen Group from C$17.50 to C$17.00 in a research note on Tuesday, October 16th. Raymond James increased their price target on Mullen Group from C$14.85 to C$15.60 and gave the company a “market perform” rating in a research report on Wednesday, October 17th. Industrial Alliance Securities raised Mullen Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 26th. Royal Bank of Canada decreased their price target on Mullen Group from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Finally, TD Securities decreased their target price on Mullen Group from C$16.00 to C$15.00 and set a “hold” rating for the company in a research report on Friday, October 26th.
TSE:MTL traded down C$0.19 on Tuesday, hitting C$11.53. The stock had a trading volume of 257,727 shares, compared to its average volume of 384,589. The firm has a market cap of $1.23 billion and a P/E ratio of 28.33. Mullen Group has a 52 week low of C$11.26 and a 52 week high of C$16.93. The company has a debt-to-equity ratio of 49.29, a quick ratio of 1.58 and a current ratio of 1.94.
In other news, Director David Edward Mullen sold 150,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of C$13.20, for a total transaction of C$1,980,000.00.
About Mullen Group
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.
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