Mullen Group (TSE:MTL) had its target price hoisted by research analysts at Canaccord Genuity from C$13.50 to C$13.75 in a research note issued on Wednesday. Canaccord Genuity’s target price points to a potential upside of 8.87% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on MTL. National Bank Financial dropped their target price on shares of Mullen Group from C$18.50 to C$16.50 and set an “outperform” rating for the company in a research report on Friday, January 25th. Raymond James upgraded shares of Mullen Group from a “market perform” rating to an “outperform” rating and set a C$15.60 target price for the company in a research report on Friday, February 1st. TD Securities increased their target price on shares of Mullen Group from C$12.50 to C$14.00 and gave the stock a “hold” rating in a research report on Thursday, February 7th. GMP Securities dropped their target price on shares of Mullen Group from C$13.50 to C$12.50 in a research report on Friday, February 8th. Finally, BMO Capital Markets dropped their target price on shares of Mullen Group from C$16.00 to C$13.00 in a research report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$15.70.
Shares of Mullen Group stock traded down C$0.05 during mid-day trading on Wednesday, reaching C$12.63. 173,902 shares of the stock were exchanged, compared to its average volume of 337,487. The stock has a market capitalization of $1.29 billion and a P/E ratio of -30.07. The company has a quick ratio of 1.61, a current ratio of 1.94 and a debt-to-equity ratio of 57.03. Mullen Group has a fifty-two week low of C$11.26 and a fifty-two week high of C$16.93.
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 transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.
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