National Bankshares Issues Pessimistic Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price target dropped by analysts at National Bankshares from C$17.00 to C$16.50 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 14.58% from the stock’s previous close.

Other analysts also recently issued reports about the company. Royal Bank Of Canada lifted their target price on Mullen Group from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Acumen Capital reduced their price target on shares of Mullen Group from C$18.25 to C$17.25 and set a “buy” rating on the stock in a research note on Friday, July 25th. Scotiabank cut shares of Mullen Group from a “strong-buy” rating to a “hold” rating and lowered their price objective for the company from C$16.50 to C$16.00 in a research report on Thursday, July 10th. Cibc World Mkts downgraded shares of Mullen Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 7th. Finally, Raymond James Financial set a C$16.75 price target on shares of Mullen Group and gave the company an “outperform” rating in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$17.22.

Mullen Group Price Performance

Shares of MTL stock opened at C$14.40 on Thursday. The stock has a 50 day moving average price of C$13.96 and a 200 day moving average price of C$13.76. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.06. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.81 and a beta of 0.69.

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.