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.

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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.

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