Mullen Group Ltd. (MTL) Given New C$21.00 Price Target at Royal Bank Of Canada
Mullen Group Ltd. (TSE:MTL) had its price objective hoisted by stock analysts at Royal Bank Of Canada from C$19.00 to C$21.00 in a report released on Friday. Royal Bank Of Canada’s price objective suggests a potential upside of 26.74% from the company’s current price.
Several other analysts have also recently commented on the stock. Raymond James Financial Inc. cut shares of Mullen Group from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$16.25 to C$16.50 in a report on Friday. TD Securities raised their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. AltaCorp Capital restated a “sector perform” rating on shares of Mullen Group in a report on Monday, August 15th. CIBC raised their price target on shares of Mullen Group from C$17.00 to C$18.50 in a report on Friday, July 22nd. Finally, Scotiabank reiterated an “outperform” rating and issued a C$16.00 target price on shares of Mullen Group in a research note on Thursday, July 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Mullen Group presently has a consensus rating of “Buy” and a consensus price target of C$17.56.
Mullen Group (TSE:MTL) traded up 0.06% during midday trading on Friday, hitting $16.58. The stock had a trading volume of 62,003 shares. The stock has a market cap of $1.72 billion and a price-to-earnings ratio of 34.47. The stock has a 50 day moving average of $16.13 and a 200 day moving average of $14.99. Mullen Group has a 12 month low of $13.02 and a 12 month high of $19.37.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.
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