National Bank Financial Comments on Mullen Group Ltd.’s FY2016 Earnings (MTL)
Mullen Group Ltd. (TSE:MTL) – Investment analysts at National Bank Financial upped their FY2016 earnings per share estimates for shares of Mullen Group in a research report issued to clients and investors on Thursday. National Bank Financial analyst G. Colman now forecasts that the brokerage will post earnings of $0.59 per share for the year, up from their prior forecast of $0.55.
Several other research analysts also recently commented on the company. RBC Capital Markets lifted their price target on Mullen Group from C$19.00 to C$21.00 in a research report on Friday, October 7th. Royal Bank Of Canada lifted their price target on Mullen Group from C$19.00 to C$21.00 in a research report on Friday, October 7th. Raymond James Financial Inc. downgraded Mullen Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from C$16.25 to C$16.50 in a research report on Friday, October 7th. TD Securities lifted their price target on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Finally, AltaCorp Capital reaffirmed a “sector perform” rating on shares of Mullen Group in a research report on Monday, August 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$17.81.
Mullen Group (TSE:MTL) opened at 16.86 on Monday. The stock’s 50 day moving average price is $16.18 and its 200-day moving average price is $15.07. The firm has a market capitalization of $1.75 billion and a price-to-earnings ratio of 35.05. Mullen Group has a one year low of $13.02 and a one year high of $19.29.
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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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