Mullen Group Ltd. (TSE:MTL) Receives C$17.95 Consensus Target Price from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$17.95.

Several brokerages have issued reports on MTL. Raymond James Financial cut shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. CIBC upped their price target on shares of Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. BMO Capital Markets lifted their price objective on shares of Mullen Group from C$16.00 to C$18.00 in a report on Monday, December 8th. National Bankshares boosted their price objective on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, TD Securities increased their target price on 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.

Mullen Group Trading Down 0.5%

MTL opened at C$16.34 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The stock’s fifty day moving average is C$15.80 and its two-hundred day moving average is C$14.56. The company has a market capitalization of C$1.42 billion, a P/E ratio of 15.42, a PEG ratio of 1.81 and a beta of 0.66. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$16.95.

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

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.