Mullen Group (TSE:MTL) Given New C$16.00 Price Target at Scotiabank

Mullen Group (TSE:MTLGet Rating) had its target price raised by equities research analysts at Scotiabank from C$15.50 to C$16.00 in a report issued on Friday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 21.58% from the company’s previous close.

MTL has been the subject of several other reports. TD Securities began coverage on Mullen Group in a report on Friday. They issued a “buy” rating and a C$16.50 price objective for the company. Raymond James set a C$14.50 price target on Mullen Group and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from, the stock currently has a consensus rating of “Buy” and an average price target of C$15.90.

TSE:MTL traded down C$0.34 during mid-day trading on Friday, hitting C$13.16. The company had a trading volume of 258,991 shares, compared to its average volume of 358,885. Mullen Group has a fifty-two week low of C$11.00 and a fifty-two week high of C$14.48. The business’s fifty day moving average is C$12.78 and its two-hundred day moving average is C$12.36. The company has a debt-to-equity ratio of 83.87, a quick ratio of 0.99 and a current ratio of 1.20. The firm has a market cap of C$1.22 billion and a P/E ratio of 17.59.

Mullen Group (TSE:MTLGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.19 by C$0.03. The firm had revenue of C$441.90 million for the quarter, compared to the consensus estimate of C$423.40 million. Equities analysts forecast that Mullen Group will post 0.9800001 earnings per share for the current year.

About Mullen Group (Get Rating)

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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