Mullen Group Ltd. (TSE:MTL) Receives C$26.00 Average PT from Analysts

Mullen Group Ltd. (TSE:MTL) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$26.00.

A number of analysts have issued reports on the stock. BMO Capital Markets boosted their price target on shares of Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th. Desjardins lifted their price target on Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, July 24th. National Bank Financial upped their target price on shares of Mullen Group from C$23.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Canadian Imperial Bank of Commerce upped their target price on Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of Mullen Group from C$23.00 to C$30.00 in a research note on Friday, July 24th.

Mullen Group Stock Performance

TSE MTL opened at C$25.82 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59. The stock has a market cap of C$2.48 billion, a PE ratio of 23.26, a P/E/G ratio of 1.81 and a beta of 0.94. The stock has a fifty day simple moving average of C$25.49 and a 200-day simple moving average of C$21.58. Mullen Group has a twelve month low of C$13.53 and a twelve month high of C$28.78.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, July 23rd. The company reported C$0.41 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%. The business had revenue of C$609.30 million for the quarter.

Insider Buying and Selling at Mullen Group

In other Mullen Group news, insider Carson Paul Urlacher acquired 9,500 shares of the business’s stock in a transaction on Monday, July 27th. The stock was purchased at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the completion of the transaction, the insider owned 90,000 shares of the company’s stock, valued at C$2,538,000. The trade was a 11.80% increase in their position. 6.32% of the stock is currently owned by company insiders.

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.