Mullen Group (TSE:MTL) Stock Price Expected to Rise, Scotiabank Analyst Says

Mullen Group (TSE:MTL) had its target price upped by investment analysts at Scotiabank from C$16.00 to C$18.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 10.84% from the stock’s current price.

A number of other research firms have also weighed in on MTL. Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. TD Securities raised their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada upped their price target on Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. CIBC increased their price target on Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Finally, National Bankshares lifted their price objective on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Mullen Group has an average rating of “Moderate Buy” and an average price target of C$17.95.

Mullen Group Stock Performance

Shares of TSE:MTL opened at C$16.69 on Wednesday. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.95. The firm has a market capitalization of C$1.45 billion, a PE ratio of 15.75, a P/E/G ratio of 1.81 and a beta of 0.66. The business’s 50 day moving average price is C$15.62 and its 200-day moving average price is C$14.50.

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

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.