Mullen Group Ltd. (MTL) Given New C$21.00 Price Target at Royal Bank Of Canada
Mullen Group Ltd. (TSE:MTL) had its price target lifted by equities researchers at Royal Bank Of Canada from C$19.00 to C$21.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price points to a potential upside of 26.74% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Raymond James Financial Inc. boosted their price objective on Mullen Group from C$16.00 to C$16.25 in a report on Thursday, July 21st. CIBC boosted their price objective on Mullen Group from C$17.00 to C$18.50 in a report on Friday, July 22nd. TD Securities boosted their price objective on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Scotiabank restated an “outperform” rating and set a C$16.00 price objective on shares of Mullen Group in a report on Thursday, July 21st. Finally, AltaCorp Capital reiterated a “sector perform” rating on shares of Mullen Group in a report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$17.56.
Shares of Mullen Group (TSE:MTL) traded up 0.06% during mid-day trading on Friday, hitting $16.58. 62,003 shares of the stock were exchanged. The company has a market capitalization of $1.72 billion and a PE ratio of 34.47. Mullen Group has a 12-month low of $13.02 and a 12-month high of $19.37. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $14.99.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/mullen-group-ltd-mtl-given-new-c21-00-price-target-at-royal-bank-of-canada.html
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.
Receive News & Ratings for Mullen Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.