Mullen Group Ltd. (MTL) Price Target Raised to C$21.00
Mullen Group Ltd. (TSE:MTL) had its price target hoisted by research analysts at Royal Bank Of Canada from C$19.00 to C$21.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price indicates a potential upside of 26.74% from the company’s previous close.
A number of other brokerages have also commented on MTL. TD Securities reiterated a “buy” rating and issued a C$18.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. CIBC lifted their price objective on Mullen Group from C$17.00 to C$18.50 in a research report on Friday, July 22nd. AltaCorp Capital reiterated a “sector perform” rating on shares of Mullen Group in a research report on Monday, August 15th. Scotiabank reiterated an “outperform” rating and issued a C$16.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. Finally, Raymond James Financial Inc. raised their target price on Mullen Group from C$16.00 to C$16.25 in a report on Thursday, July 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Mullen Group currently has an average rating of “Buy” and a consensus target price of C$17.94.
Mullen Group (TSE:MTL) traded down 0.24% during trading on Friday, reaching $16.53. The company had a trading volume of 67,113 shares. The company has a market capitalization of $1.71 billion and a PE ratio of 34.37. Mullen Group has a 52-week low of $13.02 and a 52-week high of $19.37. The company has a 50 day moving average price of $16.13 and a 200 day moving average price of $14.99.
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Mullen Group Company Profile
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.
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