Mullen Group (OTCMKTS:MLLGF) Price Target Lowered to C$17.00 at Raymond James

Mullen Group (OTCMKTS:MLLGFGet Rating) had its price target reduced by Raymond James from C$18.00 to C$17.00 in a report released on Tuesday, The Fly reports.

A number of other brokerages have also weighed in on MLLGF. Royal Bank of Canada lowered Mullen Group from an outperform rating to a sector perform rating in a research report on Friday, October 21st. Scotiabank downgraded Mullen Group from an outperform rating to a sector perform rating in a report on Tuesday, October 11th. BMO Capital Markets cut shares of Mullen Group from an outperform rating to a market perform rating in a report on Monday. TD Securities lowered shares of Mullen Group from a buy rating to a hold rating in a report on Wednesday, December 21st. Finally, CIBC upped their price target on shares of Mullen Group from C$15.00 to C$15.50 in a research report on Wednesday, December 14th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $16.79.

Mullen Group Stock Down 13.1 %

Shares of OTCMKTS:MLLGF opened at $10.25 on Tuesday. The firm’s 50 day simple moving average is $11.01 and its 200-day simple moving average is $10.67. Mullen Group has a one year low of $8.39 and a one year high of $11.90.

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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