Mullen Group Ltd (MTL) PT Lowered to C$20.00
Mullen Group Ltd (TSE:MTL) had its price objective cut by Royal Bank Of Canada from C$21.00 to C$20.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target indicates a potential upside of 17.44% from the company’s current price.
A number of other equities analysts have also issued reports on MTL. National Bank Financial raised their price target on shares of Mullen Group from C$18.50 to C$21.50 and gave the stock an “outperform” rating in a research report on Thursday, December 15th. BMO Capital Markets raised their price target on shares of Mullen Group from C$20.00 to C$22.00 in a research report on Tuesday, January 10th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$18.75 price target on shares of Mullen Group in a research report on Thursday, February 9th. TD Securities reduced their price target on shares of Mullen Group from C$24.00 to C$23.00 and set a “buy” rating for the company in a research report on Thursday, February 9th. Finally, CIBC lifted their target price on shares of Mullen Group from C$20.00 to C$23.00 in a report on Wednesday, January 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$20.72.
Mullen Group (TSE:MTL) traded up 0.83% during trading on Friday, reaching $17.03. 332,030 shares of the company’s stock traded hands. The company has a 50-day moving average price of $18.82 and a 200 day moving average price of $17.82. The firm has a market capitalization of $1.77 billion and a PE ratio of 32.75. Mullen Group has a one year low of $13.28 and a one year high of $20.32.
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In other news, Director Stephen H. Lockwood sold 59,300 shares of Mullen Group stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of C$19.11, for a total transaction of C$1,133,223.00.
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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