Mullen Group (TSE:MTL – Get 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.
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
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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