Mullen Group (TSE:MTL) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Monday. They currently have a C$16.50 price target on the stock, down from their prior price target of C$18.25. National Bank Financial’s price objective points to a potential upside of 11.86% from the company’s previous close.

A number of other research firms have also weighed in on MTL. Scotiabank lowered shares of Mullen Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$18.00 to C$17.50 in a report on Thursday, October 12th. TD Securities reissued a “hold” rating and issued a C$18.00 target price on shares of Mullen Group in a report on Tuesday, October 31st. Finally, Canaccord Genuity cut their target price on shares of Mullen Group from C$19.00 to C$18.00 in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$17.59.

Mullen Group (TSE MTL) traded up C$0.10 during trading on Monday, hitting C$14.75. 194,592 shares of the stock traded hands, compared to its average volume of 157,338. Mullen Group has a 52-week low of C$14.44 and a 52-week high of C$20.32.

TRADEMARK VIOLATION NOTICE: “Mullen Group (MTL) Downgraded to “Sector Perform” at National Bank Financial” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at

Mullen Group Company Profile

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through 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, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

Analyst Recommendations for Mullen Group (TSE:MTL)

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's FREE daily email newsletter.