Mullen Group (TSE:MTL) Stock Price Expected to Rise, National Bankshares Analyst Says

Mullen Group (TSE:MTL) had its price objective boosted by equities researchers at National Bankshares from C$16.50 to C$19.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 14.39% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. TD Securities lifted 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 note on Thursday, October 23rd. CIBC raised their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. BMO Capital Markets lifted their price objective on Mullen Group from C$16.00 to C$18.00 in a report on Monday, December 8th. Royal Bank Of Canada increased their price target on Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Desjardins boosted their price objective on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Mullen Group presently has an average rating of “Moderate Buy” and a consensus price target of C$17.70.

Mullen Group Price Performance

Shares of MTL traded down C$0.32 during mid-day trading on Tuesday, hitting C$16.61. The company’s stock had a trading volume of 119,619 shares, compared to its average volume of 158,247. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a 50-day moving average price of C$15.47 and a 200 day moving average price of C$14.45. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.95. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.81 and a beta of 0.66.

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. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The firm had revenue of C$561.72 million during the quarter.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.