Mullen Group (TSE:MTL) Price Target Raised to C$30.00

Mullen Group (TSE:MTL) had its price target hoisted by Scotiabank from C$29.00 to C$30.00 in a report issued on Thursday,BayStreet reports. They currently have a sector perform rating on the stock.

MTL has been the subject of a number of other reports. BMO Capital Markets boosted their target price on shares of Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. Canadian Imperial Bank of Commerce increased their price target on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Desjardins increased their price target on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. National Bank Financial increased their price target on shares of Mullen Group from C$23.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Mullen Group from C$30.00 to C$32.00 in a report on Wednesday, September 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$26.33.

Mullen Group Trading Up 0.3%

TSE MTL opened at C$27.12 on Thursday. Mullen Group has a 12 month low of C$13.53 and a 12 month high of C$28.78. The company has a 50-day moving average of C$26.25 and a 200-day moving average of C$23.45. The company has a debt-to-equity ratio of 89.59, a current ratio of 2.17 and a quick ratio of 1.06. The company has a market cap of C$2.61 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.81 and a beta of 0.83.

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

Insider Buying and Selling

In other news, insider Carson Paul Urlacher purchased 9,500 shares of the company’s stock in a transaction on Monday, July 27th. The stock was bought at an average cost of C$28.20 per share, for a total transaction of C$267,900.00. Following the completion of the purchase, the insider directly 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 corporate 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.