Raymond James Financial, Inc. Raises Mullen Group Ltd (MTL) Price Target to C$15.75
Mullen Group Ltd (TSE:MTL) had its target price lifted by equities research analysts at Raymond James Financial, Inc. from C$15.25 to C$15.75 in a report released on Thursday. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s target price suggests a potential downside of 2.30% from the stock’s current price.
MTL has been the topic of several other research reports. National Bank Financial cut 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. Scotiabank reissued an “outperform” rating and set a C$18.00 price target on shares of Mullen Group in a research report on Wednesday. CIBC reduced their price target on shares of Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. BMO Capital Markets reduced their price target 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 reduced their price target 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$18.81.
Mullen Group (TSE MTL) traded up 0.44% on Thursday, reaching $16.16. 81,867 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $15.63 and a 200-day moving average of $16.42. The stock has a market cap of $1.68 billion and a price-to-earnings ratio of 37.15. Mullen Group has a one year low of $14.49 and a one year high of $20.32.
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Mullen Group Company Profile
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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