Mullen Group Ltd (TSE:MTL) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share estimates for Mullen Group in a report issued on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $0.61 per share for the year, up from their prior estimate of $0.60. National Bank Financial has a “Outperform” rating and a $18.75 price objective on the stock.

Several other analysts have also commented on the stock. Raymond James Financial, Inc. increased their price target on shares of Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Scotiabank reissued an “outperform” rating and set a C$18.00 price target on shares of Mullen Group in a research report on Wednesday, July 26th. Finally, CIBC decreased their price target on shares of Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mullen Group has an average rating of “Buy” and a consensus price target of C$18.81.

ILLEGAL ACTIVITY NOTICE: “Mullen Group Ltd (MTL) to Post FY2017 Earnings of $0.61 Per Share, National Bank Financial Forecasts” was first published by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at

Mullen Group (MTL) opened at 15.20 on Thursday. The stock has a market capitalization of $1.58 billion and a PE ratio of 31.02. The firm has a 50-day moving average of $15.49 and a 200 day moving average of $15.76. Mullen Group has a one year low of $14.49 and a one year high of $20.32.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, August 29th.

About Mullen Group

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States.

Earnings History and Estimates for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group Ltd and related companies with's FREE daily email newsletter.