Mullen Group Rating Reiterated by Scotiabank (MTL)
Mullen Group (TSE:MTL)‘s stock had its “neutral” rating reaffirmed by stock analysts at Scotiabank in a report issued on Friday, Analyst Ratings News reports. They currently have a C$30.00 target price on the stock, up from their previous target price of C$26.50. Scotiabank’s price objective points to a potential downside of 0.46% from the company’s current price.
Mullen Group (TSE:MTL) traded up 3.01% during mid-day trading on Friday, hitting $30.14. The stock had a trading volume of 251,486 shares. Mullen Group has a one year low of $20.56 and a one year high of $30.01. The stock’s 50-day moving average is $27.91 and its 200-day moving average is $27.65. The company has a market cap of $2.735 billion and a P/E ratio of 18.29.
Mullen Group (TSE:MTL) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. Analysts expect that Mullen Group will post $1.68 EPS for the current fiscal year.
The company also recently declared a apr 14 dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 28th.
MTL has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Mullen Group from C$29.00 to C$33.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Mullen Group from C$27.00 to C$28.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Mullen Group from C$27.00 to C$28.00 in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$29.50.
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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