Brokerages Set Mullen Group Ltd. (TSE:MTL) Price Target at C$17.95

Mullen Group Ltd. (TSE:MTL) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$17.95.

A number of research analysts have issued reports on the stock. Desjardins upped 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 research report on Friday, December 12th. National Bankshares boosted their price target on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Raymond James Financial cut shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. CIBC lifted their target price on shares of Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Finally, BMO Capital Markets upped their target price on shares of Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th.

Mullen Group Trading Up 0.5%

MTL stock opened at C$16.77 on Thursday. The company has a market cap of C$1.46 billion, a P/E ratio of 15.82, a PEG ratio of 1.81 and a beta of 0.66. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$16.95. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The business has a fifty day moving average of C$15.67 and a 200-day moving average of C$14.51.

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

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.