Mullen Group (TSE:MTL – Get Free Report) had its price objective raised by research analysts at Royal Bank Of Canada from C$23.00 to C$30.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential upside of 5.49% from the stock’s previous close.
Several other research analysts also recently weighed in on MTL. Canadian Imperial Bank of Commerce upped their target price on Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. National Bank Financial boosted their price target on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Raymond James Financial upped their price objective on shares of Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Desjardins increased their price objective on shares of Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Scotiabank lifted their target price on shares of Mullen Group from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$26.00.
Read Our Latest Analysis on MTL
Mullen Group Price Performance
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported C$0.41 earnings per share (EPS) for the quarter. Mullen Group had a return on equity of 8.72% and a net margin of 4.32%.The company had revenue of C$609.30 million for the quarter.
Insider Transactions at Mullen Group
In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of Mullen Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the sale, the director owned 7,562 shares of the company’s stock, valued at C$162,583. The trade was a 31.64% decrease in their position. 6.32% of the stock is currently owned by company insiders.
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.
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