National Bankshares Forecasts Strong Price Appreciation for Mullen Group (TSE:MTL) Stock

Mullen Group (TSE:MTL) had its target price boosted by National Bankshares from C$16.50 to C$19.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 14.18% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. BMO Capital Markets upped their target price on Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. CIBC upped their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Desjardins lifted their target price on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Raymond James Financial cut shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, TD Securities upped their price target on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and a consensus price target of C$17.95.

Mullen Group Trading Up 0.8%

Shares of Mullen Group stock opened at C$16.64 on Tuesday. The firm has a 50-day simple moving average of C$15.56 and a two-hundred day simple moving average of C$14.48. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.95. The company has a market cap of C$1.45 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.81 and a beta of 0.66.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$561.72 million during the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.