Mullen Group (TSE:MTL) Price Target Raised to C$21.00

Mullen Group (TSE:MTL) had its price objective lifted by research analysts at Scotiabank from C$19.00 to C$21.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 4.90% from the company’s previous close.

Other analysts have also issued research reports about the stock. Desjardins lifted their target price on shares of Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada lifted their target price on shares of Mullen Group from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Canadian Imperial Bank of Commerce 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, National Bank Financial increased their target price on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and a consensus target price of C$20.67.

Mullen Group Trading Up 3.0%

MTL traded up C$0.58 during trading on Friday, reaching C$20.02. 318,424 shares of the company’s stock were exchanged, compared to its average volume of 289,918. The company’s fifty day moving average price is C$17.23 and its 200-day moving average price is C$16.01. The company has a debt-to-equity ratio of 111.51, a quick ratio of 1.06 and a current ratio of 2.17. Mullen Group has a fifty-two week low of C$12.86 and a fifty-two week high of C$20.19. The firm has a market capitalization of C$1.92 billion, a PE ratio of 20.02, a P/E/G ratio of 1.81 and a beta of 0.76.

Mullen Group (TSE:MTL) last released its earnings results on Thursday, April 23rd. The company reported C$0.20 EPS for the quarter. Mullen Group had a net margin of 4.27% and a return on equity of 8.68%. The firm had revenue of C$547.70 million during the quarter.

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.