Mullen Group (TSE:MTL) Price Target Raised to C$19.00

Mullen Group (TSE:MTL) had its price objective increased by National Bankshares from C$16.50 to C$19.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on MTL. Royal Bank Of Canada increased their price target on Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. TD Securities upped their price objective on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Raymond James Financial downgraded shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Desjardins boosted their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, CIBC raised their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.95.

Mullen Group Stock Performance

TSE MTL opened at C$16.69 on Tuesday. The firm has a market cap of C$1.45 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.81 and a beta of 0.66. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.95. The business’s 50-day moving average price is C$15.62 and its 200 day moving average price is C$14.50. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.36 earnings per share for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.The company had revenue of C$561.72 million during the quarter.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.