Mullen Group (MTL) Price Target Lowered to C$18.00 at CIBC
A number of other analysts also recently weighed in on MTL. Industrial Alliance Securities reduced their price target on shares of Mullen Group from C$20.00 to C$19.00 and set a strong-buy rating for the company in a report on Tuesday. TD Securities reissued a hold rating and issued a C$18.00 price target on shares of Mullen Group in a report on Tuesday, October 31st. Canaccord Genuity reduced their price target on shares of Mullen Group from C$19.00 to C$18.00 in a report on Friday, October 27th. National Bank Financial reduced their price target on shares of Mullen Group from C$18.75 to C$18.25 and set an outperform rating for the company in a report on Thursday, October 26th. Finally, Scotiabank downgraded shares of Mullen Group from an outperform rating to a sector perform rating and reduced their price target for the company from C$18.00 to C$17.50 in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of C$17.42.
Mullen Group (TSE:MTL) traded up C$0.30 during midday trading on Thursday, hitting C$15.15. 445,608 shares of the company traded hands, compared to its average volume of 158,141. Mullen Group has a fifty-two week low of C$14.44 and a fifty-two week high of C$20.32.
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Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through 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, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.
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