Mullen Group (TSE:MTL) Price Target Raised to C$17.00

Mullen Group (TSE:MTL) had its price target boosted by CIBC from C$15.00 to C$17.00 in a research note released on Thursday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. TD Securities boosted their price objective on Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Raymond James Financial downgraded shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. BMO Capital Markets raised their price objective on shares of Mullen Group from C$16.00 to C$18.00 in a report on Monday, December 8th. Desjardins lifted their price objective on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, National Bankshares dropped their target price on shares of Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Mullen Group currently has an average rating of “Moderate Buy” and a consensus price target of C$17.45.

Mullen Group Trading Up 0.9%

Shares of MTL stock opened at C$16.33 on Thursday. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The company has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.81 and a beta of 0.66. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.36. The company has a 50-day simple moving average of C$15.16 and a two-hundred day simple moving average of C$14.35.

Mullen Group (TSE:MTL) last announced its earnings results on Wednesday, October 22nd. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$561.72 million for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.