Mullen Group Ltd. (MTL) PT Raised to C$21.00 at RBC Capital Markets
Mullen Group Ltd. (TSE:MTL) had its price target boosted by RBC Capital Markets from C$19.00 to C$21.00 in a research report issued to clients and investors on Friday. RBC Capital Markets’ target price would suggest a potential upside of 26.74% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Raymond James Financial Inc. upped their target price on Mullen Group from C$16.00 to C$16.25 in a research report on Thursday, July 21st. Royal Bank Of Canada upped their target price on Mullen Group from C$19.00 to C$21.00 in a research report on Friday. CIBC upped their target price on Mullen Group from C$17.00 to C$18.50 in a research report on Friday, July 22nd. TD Securities reiterated a “buy” rating and issued a C$18.00 price target on shares of Mullen Group in a report on Thursday, July 21st. Finally, Scotiabank reiterated an “outperform” rating and issued a C$16.00 price target on shares of Mullen Group in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$17.94.
Mullen Group (TSE:MTL) traded down 0.24% on Friday, hitting $16.53. The company had a trading volume of 67,113 shares. The stock has a market capitalization of $1.71 billion and a PE ratio of 34.37. Mullen Group has a one year low of $13.02 and a one year high of $19.37. The stock has a 50 day moving average of $16.13 and a 200-day moving average of $14.99.
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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.
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