Mullen Group (TSE:MTL) Hits New 12-Month High – What’s Next?

Mullen Group Ltd. (TSE:MTL)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.38 and last traded at C$16.35, with a volume of 43060 shares trading hands. The stock had previously closed at C$16.33.

Analyst Ratings Changes

Several brokerages recently issued reports on MTL. TD Securities boosted their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. CIBC lifted their price target on shares of Mullen Group from C$15.00 to C$17.00 in a research note on Thursday. National Bankshares reduced their price objective on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Raymond James Financial cut Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, Royal Bank Of Canada boosted their price target on Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and a consensus target price of C$17.45.

Mullen Group Trading Up 0.4%

The stock has a market capitalization of C$1.43 billion, a PE ratio of 15.47, a PEG ratio of 1.81 and a beta of 0.66. The stock’s 50 day moving average price is C$15.16 and its 200-day moving average price is C$14.35. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

Mullen Group (TSE:MTL) last issued its earnings results on Wednesday, October 22nd. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$561.72 million during the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.