Mullen Group Ltd. (TSE:MTL) Receives C$17.40 Consensus PT from Analysts

Mullen Group Ltd. (TSE:MTL) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$17.40.

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. Desjardins increased their price target on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Raymond James Financial downgraded shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. TD Securities increased their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd.

Mullen Group Stock Performance

MTL opened at C$15.89 on Friday. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.32. The company has a market cap of C$1.38 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.81 and a beta of 0.67. The company’s fifty day moving average price is C$14.87 and its two-hundred day moving average price is C$14.24. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69.

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

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.