Mullen Group Ltd (MTL) Receives Consensus Rating of “Buy” from Brokerages
Shares of Mullen Group Ltd (TSE:MTL) have been given an average recommendation of “Buy” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$19.25.
A number of analysts have recently weighed in on the company. Raymond James Financial, Inc. lowered Mullen Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$18.50 to C$16.25 in a research note on Monday, April 24th. Scotiabank dropped their price objective on Mullen Group from C$19.25 to C$18.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. Royal Bank Of Canada dropped their price objective on Mullen Group from C$20.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. National Bank Financial lowered Mullen Group from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, April 19th. Finally, BMO Capital Markets dropped their price objective on Mullen Group from C$21.00 to C$19.00 in a research note on Friday, April 21st.
Mullen Group (MTL) traded up 0.39% on Tuesday, reaching $15.40. 100,585 shares of the company’s stock traded hands. Mullen Group has a 12 month low of $13.54 and a 12 month high of $20.32. The firm has a market cap of $1.60 billion and a PE ratio of 35.40. The firm’s 50-day moving average is $15.08 and its 200 day moving average is $17.10.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/20/mullen-group-ltd-mtl-receives-consensus-rating-of-buy-from-brokerages.html.
In other Mullen Group news, Director Philip Scherman purchased 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was bought at an average price of C$15.38 per share, with a total value of C$49,216.00.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general 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.