Mullen Group Price Target Raised to C$27.50 at Raymond James (MTL)
Analysts at Raymond James boosted their price target on shares of Mullen Group (TSE:MTL) from C$26.50 to C$27.50 in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. Raymond James’ price target would suggest a potential downside of 1.01% from the stock’s previous close.
Mullen Group (TSE:MTL) opened at 27.78 on Thursday. Mullen Group has a 52-week low of $19.85 and a 52-week high of $29.72. The stock’s 50-day moving average is $27.92 and its 200-day moving average is $26.81. The company has a market cap of $2.512 billion and a price-to-earnings ratio of 17.01.
The company also recently announced a dividend, which is scheduled for Monday, February 17th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.0913 per share. The ex-dividend date is Wednesday, January 29th.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Mullen Group from C$28.00 to C$31.00 in a research note on Tuesday, January 21st. They now have an “outperform” rating on the stock. Analysts at TD Securities raised their price target on shares of Mullen Group from C$28.00 to C$29.00 in a research note on Tuesday, January 21st. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$26.43.
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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