Mullen Group Ltd. (MTL) Given New C$21.00 Price Target at Royal Bank Of Canada

Mullen Group Ltd. (TSE:MTL) had its price target lifted by Royal Bank Of Canada from C$19.00 to C$21.00 in a report issued on Friday, reports.

A number of other brokerages also recently commented on MTL. TD Securities reiterated a buy rating and issued a C$18.00 price objective on shares of Mullen Group in a research report on Thursday, July 21st. CIBC increased their target price on Mullen Group from C$17.00 to C$18.50 in a report on Friday, July 22nd. AltaCorp Capital reissued a sector perform rating on shares of Mullen Group in a report on Monday, August 15th. Scotiabank reissued an outperform rating and issued a C$16.00 target price on shares of Mullen Group in a report on Thursday, July 21st. Finally, Raymond James Financial Inc. increased their target price on Mullen Group from C$16.00 to C$16.25 in a report on Thursday, July 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$17.94.

Analyst Recommendations for Mullen Group (TSE:MTL)

Shares of Mullen Group (TSE:MTL) traded up 0.30% on Friday, reaching $16.62. The company’s stock had a trading volume of 96,161 shares. The stock has a market capitalization of $1.72 billion and a price-to-earnings ratio of 34.55. Mullen Group has a 52 week low of $13.02 and a 52 week high of $19.37. The stock has a 50-day moving average of $16.13 and a 200 day moving average of $15.01.

About Mullen Group

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.

Stock Target Prices

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