Several other research firms have also weighed in on MTL. Industrial Alliance Securities lowered their target price on shares of Mullen Group from C$20.00 to C$19.00 and set a strong-buy rating on the stock in a report on Tuesday, December 12th. Raymond James Financial lowered their target price on shares of Mullen Group from C$15.75 to C$14.70 and set a market perform rating on the stock in a report on Thursday. National Bank Financial raised shares of Mullen Group from a sector perform rating to an outperform rating and set a C$16.50 target price on the stock in a report on Thursday. Canaccord Genuity lowered their target price on shares of Mullen Group from C$17.00 to C$16.00 in a report on Tuesday. Finally, TD Securities lowered their target price on shares of Mullen Group from C$18.00 to C$17.00 and set a hold rating on the stock in a report on Friday, December 15th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$16.97.
Shares of Mullen Group (MTL) opened at C$14.35 on Friday. Mullen Group has a fifty-two week low of C$14.18 and a fifty-two week high of C$17.62. The firm has a market cap of $1,490.00, a PE ratio of 25.18 and a beta of 0.25.
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Mullen Group Company Profile
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.
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