Mullen Group Upgraded to “Outperform” at National Bank Financial (MTL)
Mullen Group (TSE:MTL) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report issued on Thursday, Analyst Ratings News reports.
Mullen Group (TSE:MTL) traded up 4.97% during mid-day trading on Thursday, hitting $27.04. 315,223 shares of the company’s stock traded hands. Mullen Group has a 1-year low of $19.85 and a 1-year high of $26.115. The stock’s 50-day moving average is $25.08 and its 200-day moving average is $22.66. The company has a market cap of $2.438 billion and a price-to-earnings ratio of 16.41.
The company also recently declared a oct 13 dividend, which is scheduled for Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.10 per share.
A number of other analysts have also recently weighed in on MTL. Analysts at Raymond James raised their price target on shares of Mullen Group from C$24.00 to C$26.50 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Mullen Group from C$25.00 to C$27.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank downgraded shares of Mullen Group from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, August 7th. They now have a C$25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Mullen Group currently has a consensus rating of “Hold” and a consensus price target of C$24.08.
Mullen Group Ltd. (TSE:MTL) is a provider of specialized transportation and related services to the oil and natural gas industry in western Canada and is a supplier of trucking and logistics services in Canada.
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