MULLEN GROUP LTD Price Target Increased to $26.50 by Analysts at Raymond James (MLLGF)
Equities researchers at Raymond James lifted their price target on shares of MULLEN GROUP LTD (NASDAQ:MLLGF) from $24.00 to $26.50 in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential upside of 6.00% from the company’s current price.
MULLEN GROUP LTD (NASDAQ:MLLGF) remained flat at $25.00 during trading on Thursday. MULLEN GROUP LTD has a 52 week low of $19.54 and a 52 week high of $25.14. The stock has a 50-day moving average of $23.86 and a 200-day moving average of $21.80. The company has a market cap of $2.254 billion and a P/E ratio of 15.85.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial upgraded shares of MULLEN GROUP LTD from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of MULLEN GROUP LTD in a research note to investors on Tuesday, October 15th. They now have a $45.00 price target on the stock. Finally, analysts at Scotiabank downgraded shares of MULLEN GROUP LTD from a “sector outperform” rating to a “sector perform” rating in a research note to investors on Thursday, August 8th. They now have a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.50.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.