Mullen Group Ltd. (TSE:MTL) had its target price raised by investment analysts at CIBC from C$18.50 to C$19.50 in a research note issued on Wednesday. CIBC’s target price points to a potential upside of 15.04% from the company’s current price.

MTL has been the subject of a number of other reports. Raymond James Financial Inc. cut shares of Mullen Group from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$16.25 to C$16.50 in a report on Friday, October 7th. TD Securities increased their target price on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. RBC Capital Markets increased their target price on shares of Mullen Group from C$19.00 to C$21.00 in a report on Friday, October 7th. Scotiabank reaffirmed an “outperform” rating and issued a C$16.00 target price on shares of Mullen Group in a report on Thursday, July 21st. Finally, Royal Bank Of Canada increased their target price on shares of Mullen Group from C$19.00 to C$21.00 in a report on Friday, October 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$17.94.

Analyst Recommendations for Mullen Group (TSE:MTL)

Mullen Group (TSE:MTL) traded up 0.53% on Wednesday, reaching $16.95. The company had a trading volume of 83,218 shares. Mullen Group has a 52-week low of $13.02 and a 52-week high of $19.29. The stock has a 50 day moving average price of $16.20 and a 200 day moving average price of $15.13. The stock has a market capitalization of $1.76 billion and a PE ratio of 35.24.

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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