Mullen Group (TSE:MTL) Insider Carson Paul Urlacher Purchases 9,500 Shares

Mullen Group Ltd. (TSE:MTL) insider Carson Paul Urlacher acquired 9,500 shares of the company’s stock in a transaction on Monday, July 27th. The stock was purchased at an average cost 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 in the company, valued at approximately C$2,538,000. The trade was a 11.80% increase in their position.

Mullen Group Price Performance

Mullen Group stock opened at C$27.39 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 company has a fifty day simple moving average of C$23.20 and a 200-day simple moving average of C$19.74. The stock has a market cap of C$2.64 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. Mullen Group Ltd. has a 12-month low of C$12.98 and a 12-month high of C$28.78.

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

Wall Street Analyst Weigh In

MTL has been the topic of a number of research analyst reports. Raymond James Financial raised their price objective on shares of Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Desjardins increased their target price on shares of Mullen Group from C$23.00 to C$30.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Acumen Capital raised their price objective on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their price target on Mullen Group from C$23.00 to C$30.00 in a research report on Friday, July 24th. Finally, National Bank Financial lifted 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. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mullen Group has an average rating of “Moderate Buy” and a consensus target price of C$26.00.

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.