Mullen Group Ltd. (TSE:MTL) Given Average Rating of “Moderate Buy” by Brokerages

Mullen Group Ltd. (TSE:MTL) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$26.00.

A number of analysts have recently issued reports on MTL shares. BMO Capital Markets raised their price objective on Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. Acumen Capital boosted their target price 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 increased their price target on Mullen Group from C$23.00 to C$30.00 in a research note on Friday, July 24th. Raymond James Financial raised their price target on Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, Scotiabank lifted their price objective on shares of Mullen Group from C$24.00 to C$29.00 in a research report on Friday, July 24th.

Mullen Group Price Performance

Shares of MTL stock opened at C$26.56 on Monday. Mullen Group has a 52-week low of C$13.53 and a 52-week high of C$28.78. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.81 and a beta of 1.15. The firm’s 50-day moving average is C$24.28 and its 200-day moving average is C$20.53. The company has a debt-to-equity ratio of 89.59, a quick ratio of 1.06 and a current ratio of 2.17.

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

Insider Buying and Selling at Mullen Group

In related news, insider Carson Paul Urlacher acquired 9,500 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were bought at an average cost of C$28.20 per share, with a total value of C$267,900.00. Following the completion of the transaction, the insider directly owned 90,000 shares of the company’s stock, valued at C$2,538,000. This trade represents a 11.80% increase in their ownership of the stock. 6.32% of the stock is owned by 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.