Mullen Group Ltd. (TSE:MTL) Stock Has Average Price Target of C$30.22

Shares of Mullen Group Ltd. (TSE:MTL) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$30.22.

Several research analysts recently issued reports on MTL shares. Desjardins lifted their price objective on Mullen Group from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. National Bank Financial lifted their price objective on shares of Mullen Group from C$31.00 to C$36.00 and gave the company an “outperform” rating in a research note on Friday. Canadian Imperial Bank of Commerce boosted their target price on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada upped their target price on Mullen Group from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Friday. Finally, Scotia increased their price target on Mullen Group from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Friday.

Mullen Group Stock Performance

Shares of MTL opened at C$29.70 on Friday. The stock has a market capitalization of C$2.85 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.81 and a beta of 0.83. Mullen Group has a 1 year low of C$13.92 and a 1 year high of C$32.47. The company’s fifty day moving average is C$26.56 and its two-hundred day moving average is C$21.80. The company has a debt-to-equity ratio of 86.15, a quick ratio of 1.06 and a current ratio of 2.18.

Mullen Group (TSE:MTL) last announced its quarterly earnings data on Thursday, October 22nd. The company reported C$0.52 earnings per share for the quarter. Mullen Group had a return on equity of 10.58% and a net margin of 5.25%. The company had revenue of C$653.17 million for the quarter.

About Mullen Group

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.