Mullen Group Ltd. (TSE:MTL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$17.40.

MTL has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Desjardins boosted their price objective on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Friday, December 12th. BMO Capital Markets upped their price objective on shares of Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. TD Securities increased their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial downgraded Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th.

Mullen Group Trading Down 0.9%

Shares of MTL stock opened at C$15.74 on Friday. The business has a 50-day moving average of C$14.93 and a 200 day moving average of C$14.26. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.32. The stock has a market capitalization of C$1.38 billion, a PE ratio of 14.85, a P/E/G ratio of 1.81 and a beta of 0.67.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.36 EPS for the quarter. The business 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.