MULLEN GROUP LTD PT Raised to $27.00 at CIBC (MLLGF)
Stock analysts at CIBC lifted their target price on shares of MULLEN GROUP LTD (NASDAQ:MLLGF) from $23.00 to $27.00 in a report issued on Friday, Analyst Ratings News reports. The firm currently has a “sector performer” rating on the stock. CIBC’s target price indicates a potential upside of 8.00% from the company’s current price.
A number of other firms have also recently commented on MLLGF. Analysts at BMO Capital Markets raised their price target on shares of MULLEN GROUP LTD from $25.00 to $29.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of MULLEN GROUP LTD from $25.00 to $27.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of MULLEN GROUP LTD in a research note to investors on Thursday. They now have a $25.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.50.
Shares of MULLEN GROUP LTD (NASDAQ:MLLGF) opened at 25.00 on Friday. 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.
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