Mullen Group Ltd. (MTL) Downgraded by Raymond James Financial Inc.
Raymond James Financial Inc. lowered shares of Mullen Group Ltd. (TSE:MTL) from an outperform rating to a market perform rating in a report released on Friday. The firm currently has C$16.50 price target on the stock, up from their prior price target of C$16.25.
Several other analysts have also commented on MTL. Scotiabank reissued an outperform rating and issued a C$16.00 price objective on shares of Mullen Group in a report on Thursday, July 21st. TD Securities restated a buy rating and issued a C$18.00 target price on shares of Mullen Group in a research report on Thursday, July 21st. Royal Bank Of Canada restated an outperform rating and issued a C$19.00 target price on shares of Mullen Group in a research report on Friday, July 22nd. CIBC raised their target price on Mullen Group from C$17.00 to C$18.50 in a research report on Friday, July 22nd. Finally, AltaCorp Capital restated a sector perform rating on shares of Mullen Group in a research report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$17.94.
Mullen Group (TSE:MTL) opened at 16.70 on Friday. The company has a market capitalization of $1.73 billion and a PE ratio of 34.72. Mullen Group has a 52-week low of $13.02 and a 52-week high of $19.29. The company has a 50 day moving average of $16.15 and a 200 day moving average of $15.03.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.
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