David Edward Mullen Sells 150,000 Shares of Mullen Group Ltd (MTL) Stock
Mullen Group Ltd (TSE:MTL) Director David Edward Mullen sold 150,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of C$13.20, for a total value of C$1,980,000.00.
David Edward Mullen also recently made the following trade(s):
- On Thursday, September 20th, David Edward Mullen sold 700,000 shares of Mullen Group stock. The shares were sold at an average price of C$15.00, for a total value of C$10,500,000.00.
TSE MTL opened at C$13.21 on Thursday. The company has a debt-to-equity ratio of 49.29, a current ratio of 1.94 and a quick ratio of 1.58. Mullen Group Ltd has a 12 month low of C$13.01 and a 12 month high of C$16.93.
Several equities analysts have recently issued reports on the company. Canaccord Genuity cut their price target on Mullen Group from C$17.50 to C$17.00 in a research note on Tuesday, October 16th. Royal Bank of Canada upped their price target on Mullen Group from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. CIBC upped their price target on Mullen Group from C$17.00 to C$18.00 in a research note on Friday, July 27th. GMP Securities cut their price target on Mullen Group from C$17.50 to C$16.50 in a research note on Friday, October 26th. Finally, Cormark raised Mullen Group from a “market perform” rating to a “buy” rating and upped their price target for the company from C$15.00 to C$19.00 in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$17.17.
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Mullen Group Company Profile
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.
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