Acumen Capital Lowers Mullen Group (TSE:MTL) Price Target to C$17.25

Mullen Group (TSE:MTL) had its target price cut by Acumen Capital from C$18.25 to C$17.25 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price would indicate a potential upside of 25.64% from the stock’s current price.

A number of other research firms have also recently commented on MTL. Royal Bank Of Canada reduced their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Scotiabank lowered shares of Mullen Group from a “strong-buy” rating to a “hold” rating and lowered their price objective for the stock from C$16.50 to C$16.00 in a research report on Thursday, July 10th. Raymond James Financial raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$17.00 to C$16.75 in a research report on Thursday, April 24th. CIBC boosted their price objective on shares of Mullen Group from C$15.00 to C$16.50 in a research note on Thursday, May 22nd. Finally, National Bankshares cut their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$17.25.

Mullen Group Price Performance

MTL stock opened at C$13.73 on Friday. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.06. The company has a fifty day moving average price of C$14.09 and a 200-day moving average price of C$13.69. The company has a market capitalization of C$1.22 billion, a P/E ratio of 9.96, a PEG ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.