Mullen Group Ltd. (TSE:MTL) Receives C$26.00 Consensus PT from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$26.00.

A number of analysts have commented on MTL shares. Desjardins raised their price objective on Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Acumen Capital boosted their price objective on Mullen Group from C$20.50 to C$22.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Scotiabank upped their target price on Mullen Group from C$24.00 to C$29.00 in a research note on Friday, July 24th. National Bank Financial raised their price target on shares of Mullen Group from C$23.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lifted their price objective on Mullen Group from C$23.00 to C$30.00 in a report on Friday, July 24th.

Mullen Group Price Performance

Shares of Mullen Group stock opened at C$26.73 on Monday. The company has a debt-to-equity ratio of 89.59, a current ratio of 2.17 and a quick ratio of 1.06. Mullen Group has a fifty-two week low of C$13.53 and a fifty-two week high of C$28.78. The firm has a fifty day moving average price of C$24.12 and a two-hundred day moving average price of C$20.39. The company has a market cap of C$2.57 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$0.41 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%. The company had revenue of C$609.30 million for the quarter.

Insider Buying and Selling

In other Mullen Group news, insider Carson Paul Urlacher purchased 9,500 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were acquired at an average cost of C$28.20 per share, for a total transaction of C$267,900.00. Following the transaction, the insider directly owned 90,000 shares in the company, valued at approximately C$2,538,000. The trade was a 11.80% increase in their ownership of the stock. 6.32% of the stock is currently owned by company insiders.

Mullen Group Company Profile

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.