Mullen Group Ltd. (TSE:MTL) – Equities researchers at Raymond James Financial boosted their Q1 2017 earnings estimates for shares of Mullen Group in a note issued to investors on Friday. Raymond James Financial analyst A. Bradford now anticipates that the firm will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.21. Raymond James Financial has a “Market Perform” rating and a $16.50 price objective on the stock. Raymond James Financial also issued estimates for Mullen Group’s Q1 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.02 EPS.

Other equities analysts also recently issued reports about the company. CIBC raised their price target on Mullen Group from C$17.00 to C$18.50 in a research note on Friday, July 22nd. RBC Capital Markets raised their price target on Mullen Group from C$19.00 to C$21.00 in a research note on Friday. Royal Bank Of Canada raised their price target on Mullen Group from C$19.00 to C$21.00 in a research note on Friday. TD Securities raised their price target on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Finally, Scotiabank restated an “outperform” rating and issued a C$16.00 price target on shares of Mullen Group in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$17.94.

Earnings History and Estimates for Mullen Group (TSE:MTL)

Mullen Group (TSE:MTL) opened at 16.62 on Monday. Mullen Group has a 52-week low of $13.02 and a 52-week high of $19.37. The company’s 50-day moving average price is $16.13 and its 200 day moving average price is $15.01. The stock has a market capitalization of $1.72 billion and a PE ratio of 34.55.

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

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.

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's FREE daily email newsletter.