Mullen Group (TSE:MTL) Given New C$18.00 Price Target at BMO Capital Markets

Mullen Group (TSE:MTLGet Rating) had its price target boosted by analysts at BMO Capital Markets from C$16.00 to C$18.00 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 29.12% from the company’s current price.

Several other research firms have also recently commented on MTL. TD Securities assumed coverage on shares of Mullen Group in a research note on Friday, April 22nd. They set a “buy” rating and a C$16.50 target price for the company. Raymond James set a C$14.50 price objective on shares of Mullen Group and gave the company an “outperform” rating in a research note on Wednesday, May 4th. National Bank Financial restated an “outperform market weight” rating on shares of Mullen Group in a research note on Monday, July 18th. Scotiabank increased their price objective on shares of Mullen Group from C$15.50 to C$16.00 in a research note on Friday, April 22nd. Finally, Royal Bank of Canada increased their price objective on shares of Mullen Group from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$17.27.

Mullen Group Price Performance

TSE:MTL opened at C$13.94 on Friday. The stock has a market cap of C$1.30 billion and a P/E ratio of 17.65. Mullen Group has a one year low of C$10.83 and a one year high of C$14.48. The company has a fifty day moving average price of C$11.93 and a 200 day moving average price of C$12.23. The company has a debt-to-equity ratio of 88.06, a current ratio of 1.19 and a quick ratio of 0.99.

Mullen Group (TSE:MTLGet Rating) last released its earnings results on Wednesday, April 20th. The company reported C$0.21 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.06. The company had revenue of C$456.90 million for the quarter, compared to analyst estimates of C$396.80 million. Analysts anticipate that Mullen Group will post 1.04 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Philip Scherman bought 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average price of C$11.86 per share, for a total transaction of C$43,882.00. Following the transaction, the director now directly owns 4,400 shares of the company’s stock, valued at approximately C$52,184.

Mullen Group Company Profile

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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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