Mullen Group Ltd (MTL) Price Target Cut to C$19.00
Mullen Group Ltd (TSE:MTL) had its price objective decreased by analysts at CIBC from C$20.50 to C$19.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. CIBC’s target price indicates a potential upside of 23.06% from the company’s current price.
MTL has been the topic of several other reports. National Bank Financial downgraded shares of Mullen Group from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, April 19th. Raymond James Financial, Inc. downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$18.50 to C$16.25 in a research report on Monday, April 24th. Scotiabank decreased their price objective on shares of Mullen Group from C$19.25 to C$18.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. BMO Capital Markets decreased their price objective on shares of Mullen Group from C$21.00 to C$19.00 in a research report on Friday, April 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Mullen Group from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$19.28.
Mullen Group (TSE MTL) traded down 1.30% on Thursday, hitting $15.24. 78,997 shares of the stock were exchanged. Mullen Group has a 12 month low of $14.49 and a 12 month high of $20.32. The firm has a market cap of $1.58 billion and a P/E ratio of 35.03. The company has a 50-day moving average of $15.54 and a 200 day moving average of $16.55.
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In related news, Director Philip Scherman bought 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was bought at an average cost 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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