Mullen Group Ltd. (TSE:MTL) had its price objective lifted by RBC Capital Markets from C$19.00 to C$21.00 in a report published on Friday.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada restated an outperform rating and issued a C$19.00 price objective on shares of Mullen Group in a research report on Friday, July 22nd. CIBC boosted their price objective on shares of Mullen Group from C$17.00 to C$18.50 in a research report on Friday, July 22nd. Raymond James Financial Inc. boosted their price objective on shares of Mullen Group from C$16.00 to C$16.25 in a research report on Thursday, July 21st. Scotiabank restated an outperform rating and issued a C$16.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. Finally, TD Securities restated a buy rating and issued a C$18.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Mullen Group currently has a consensus rating of Buy and a consensus price target of C$17.94.

Analyst Recommendations for Mullen Group (TSE:MTL)

Shares of Mullen Group (TSE:MTL) traded up 0.30% during trading on Friday, reaching $16.62. 96,161 shares of the company traded hands. The stock has a market capitalization of $1.72 billion and a P/E ratio of 34.55. The firm’s 50 day moving average is $16.13 and its 200-day moving average is $15.01. Mullen Group has a 12-month low of $13.02 and a 12-month high of $19.37.

Mullen Group Company Profile

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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