Mullen Group Ltd. (TSE:MTL) had its price target upped by stock analysts at RBC Capital Markets from C$19.00 to C$21.00 in a report issued on Friday. RBC Capital Markets’ price objective would indicate a potential upside of 26.74% from the stock’s current price.
MTL has been the subject of a number of other reports. Scotiabank restated an “outperform” rating and set a C$16.00 price target on shares of Mullen Group in a research report on Thursday, July 21st. Raymond James Financial Inc. boosted their price target on shares of Mullen Group from C$16.00 to C$16.25 in a research report on Thursday, July 21st. AltaCorp Capital restated a “sector perform” rating on shares of Mullen Group in a research report on Monday, August 15th. CIBC boosted their price target on shares of Mullen Group from C$17.00 to C$18.50 in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$19.00 price target on shares of Mullen Group in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$17.94.
Shares of Mullen Group (TSE:MTL) traded up 0.12% on Friday, reaching $16.59. The company had a trading volume of 66,813 shares. The company’s 50-day moving average is $16.13 and its 200-day moving average is $14.99. Mullen Group has a one year low of $13.02 and a one year high of $19.37. The company has a market capitalization of $1.72 billion and a PE ratio of 34.49.
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.
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