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

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$26.22.

MTL has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce increased their target price on Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. BMO Capital Markets upped their price target on shares of Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. Scotiabank increased their price objective on shares of Mullen Group from C$24.00 to C$29.00 in a report on Friday, July 24th. National Bank Financial increased their price objective on shares of Mullen Group from C$23.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Desjardins upped their target price on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, July 24th.

Mullen Group Stock Up 0.5%

MTL stock opened at C$27.41 on Tuesday. The firm has a fifty day moving average price of C$26.29 and a two-hundred day moving average price of C$22.70. The company has a debt-to-equity ratio of 89.59, a current ratio of 2.17 and a quick ratio of 1.06. Mullen Group has a 1-year low of C$13.53 and a 1-year high of C$28.78. The firm has a market cap of C$2.64 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.81 and a beta of 0.83.

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 net margin of 4.65% and a return on equity of 9.35%.

Insiders Place Their Bets

In other Mullen Group news, insider Carson Paul Urlacher purchased 9,500 shares of Mullen Group stock in a transaction on Monday, July 27th. The stock was bought at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the transaction, the insider owned 90,000 shares of the company’s stock, valued at C$2,538,000. The trade was a 11.80% increase in their position. 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.