Mullen Group (TSE:MTL) Given New C$18.50 Price Target at Scotiabank

Mullen Group (TSE:MTL) had its target price upped by equities research analysts at Scotiabank from C$16.00 to C$18.50 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 10.78% from the stock’s previous close.

Several other research analysts have also recently issued reports on MTL. National Bankshares increased their target price on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a report on Tuesday. CIBC upped their target price on Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. TD Securities raised their price target on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.95.

Mullen Group Stock Performance

TSE MTL traded up C$0.20 on Wednesday, reaching C$16.70. 117,811 shares of the stock were exchanged, compared to its average volume of 161,090. The firm has a market capitalization of C$1.45 billion, a PE ratio of 15.75, a PEG ratio of 1.81 and a beta of 0.66. The company’s 50-day simple moving average is C$15.51 and its two-hundred day simple moving average is C$14.47. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a one year low of C$11.81 and a one year high of C$16.95.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.36 earnings per share (EPS) for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.The business 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.