Canaccord Genuity Cuts Mullen Group Ltd (MTL) Price Target to C$18.00

Mullen Group Ltd (TSE:MTL) had its price target lowered by Canaccord Genuity from C$19.00 to C$18.00 in a research report report published on Friday.

A number of other research firms also recently weighed in on MTL. Raymond James Financial, Inc. lifted their price target on shares of Mullen Group from C$15.25 to C$15.75 and gave the stock a market perform rating in a research note on Thursday, July 27th. CIBC decreased their price target on shares of Mullen Group from C$20.50 to C$19.00 in a research note on Thursday, July 20th. Scotiabank reiterated an outperform rating and set a C$18.00 price target on shares of Mullen Group in a research note on Wednesday, July 26th. Finally, National Bank Financial decreased their price target on shares of Mullen Group from C$18.75 to C$18.25 and set an outperform rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of C$18.44.

Shares of Mullen Group (MTL) opened at 16.74 on Friday. The firm has a market capitalization of $1.74 billion and a PE ratio of 34.16. Mullen Group has a one year low of $14.49 and a one year high of $20.32. The firm’s 50 day moving average is $16.71 and its 200-day moving average is $15.78.

TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at

The business also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.15%.

About Mullen Group

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through 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, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

Analyst Recommendations for Mullen Group (TSE:MTL)

What are top analysts saying about Mullen Group Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mullen Group Ltd and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit